{"id":1237,"date":"2021-09-16T08:14:32","date_gmt":"2021-09-16T00:14:32","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=1237"},"modified":"2021-09-14T15:21:11","modified_gmt":"2021-09-14T07:21:11","slug":"sothebys-brings-in-26-million-with-bored-ape-nft-bundle","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/sothebys-brings-in-26-million-with-bored-ape-nft-bundle\/","title":{"rendered":"Sotheby\u2019s Brings in $26 Million with Bored Ape NFT Bundle"},"content":{"rendered":"<p>Sotheby\u2019s \u201cApe In!\u201d sale achieved $26.2 million, setting a record for an NFT auction at the house. The sale, which took place this morning, had been initially estimated to bring in between $12 million and $19 million. It surpassed the result from Sotheby\u2019s \u201cNatively Digital\u201d sale in June, which realized $17 million. (NFT sales are denominated in dollars, but payments are usually made in Ethereum cryptocurrency. When asked to confirm what currency the buyer used, a Sotheby\u2019s representative responded: \u201cAt this time we can\u2019t comment if the buyer will pay in fiat or crypto.\u201d)<\/p>\n<p>The sale only had two lots on offer. One was a bundle of 101\u00a0<a id=\"auto-tag_bored-ape-yacht-club\" href=\"https:\/\/www.atelierauction.com\/globalupdates\" data-tag=\"bored-ape-yacht-club\">Bored Ape Yacht Club<\/a>\u00a0NFTs. That lot realized $24.4 million. Bored Ape Yacht Club (BAYC) is a\u00a0<a href=\"https:\/\/www.atelierauction.com\/globalupdates\">profile-pic project<\/a>\u00a0(\u00e0 la the popular Crypto Punk series) with 10,000 unique Apes, each has traits of varying rarity. The Apes exploded in popularity and price since they were released in April. Just last week, Bored Ape #3749, sporting a sailor\u2019s cap, gold fur, and lasers coming from its eyes, sold for $2.6 million on the NFT trading platform OpenSea.<\/p>\n<p>Part of the draw of owning an Ape is that by holding this NFT, one gains access into exclusive messaging platforms like Discord and Telegram for BAYC collectors, and the community that has been generated there is extremely active. The winning bidder received an additional perk: six \u201cmutant serums,\u201d which can be used to generate mutant varieties of an Ape within the lot.<\/p>\n<p>The second lot was a collection of 101 Dogs from the Bored Ape Kennel Club. The Dogs are also a set of 10,000 generated NFTs with unique combinations of traits and regarded as pets of the Apes. They somewhat resemble Shiba Inus, a breed which has considerable significance to the crypto community because it associated with the famed Doge meme and a related cryptocurrency. This lot realized $1.84 million.<\/p>\n<p>There were bidders from eight different countries, and as has been the case for auction houses offering NFTs, many of the bidders were new to Sotheby\u2019s. Michael Bouhanna, Sotheby\u2019s co-head of digital art, observed that legacy art collectors were also heavily involved in the bidding. \u201cWe\u2019re seeing a growing number of traditional art buyers getting interested in NFTs,\u201d Bouhanna said in an interview with\u00a0<em>ARTnews<\/em>. For collectors new to the NFT game, BAYC represents an investment in a community and participation in what is becoming an iconic crypto collection.<\/p>\n<p>Sotheby\u2019s isn\u2019t the only auction house offering profile-pic NFTs. Christie\u2019s will sell a selection from BAYC, Meebits, and CryptoPunks at its \u201c<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">No Time Like Present<\/a>\u201d auction next week.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sotheby\u2019s \u201cApe In!\u201d sale achieved $26.2 million, setting a record for an NFT auction at the house. The sale, which took place this morning, had been initially estimated to bring in between $12 million and $19 million. It surpassed the result from Sotheby\u2019s \u201cNatively Digital\u201d sale in June, which realized $17 million. (NFT sales are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[],"class_list":{"0":"post-1237","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artist","8":"category-auction","9":"category-events","10":"category-gallery","11":"category-latest-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sotheby\u2019s Brings in $26 Million with Bored Ape NFT Bundle - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"Sotheby\u2019s \u201cApe In!\u201d sale achieved $26.2 million, setting a record for an NFT auction at the house. 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