{"id":214470,"date":"2022-02-09T18:00:21","date_gmt":"2022-02-09T18:00:21","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=214470"},"modified":"2022-02-09T14:20:17","modified_gmt":"2022-02-09T14:20:17","slug":"sothebys-to-auction-104-cryptopunks-nfts-for-an-estimated-20-30-million","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/sothebys-to-auction-104-cryptopunks-nfts-for-an-estimated-20-30-million\/","title":{"rendered":"Sotheby&#8217;s to auction 104 CryptoPunks NFTs for an estimated $20-$30 million"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Prestigious auction house Sotheby's is putting up a <\/span><a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2022\/punk-it\"><span style=\"font-weight: 400;\">sale<\/span><\/a><span style=\"font-weight: 400;\"> of 104 CryptoPunks NFTs in New York City. The official statement issued by Sotheby's stated that the auction house is all set to sell 104 CryptoPunks NFTs in a single lot which is expected to fetch nearly $20-30 million.\u00a0 \u00a0<\/span><\/p>\n<h2><b>Sotheby's to auction 104 Cryptopunk NFTs\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2022\/punk-it\"><span style=\"font-weight: 400;\">Sotheby's<\/span><\/a><span style=\"font-weight: 400;\">, the sale of this single lot of CryptoPunk NFTs &#8220;marks the highest valued estimate for an NFT or digital art ever offered at auction.&#8221;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CryptoPunks get the Sotheby&#39;s treatment. Our next <a href=\"https:\/\/twitter.com\/hashtag\/SothebysMetaverse?src=hash&ref_src=twsrc%5Etfw\">#SothebysMetaverse<\/a> sale &#39;Punk It! 104 CryptoPunks. 1 Lot.&#39; will be a landmark LIVE Evening Auction on February 23. A truly historic sale for an undeniably historic NFT project. <a href=\"https:\/\/t.co\/LAu6j8Atu3\">pic.twitter.com\/LAu6j8Atu3<\/a><\/p>\n<p>&mdash; Sotheby&#39;s (@Sothebys) <a href=\"https:\/\/twitter.com\/Sothebys\/status\/1491094798526476288?ref_src=twsrc%5Etfw\">February 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The single lot of 104 CryptoPunks NFTs that are set to auction this week was previously acquired by an anonymous collector known as &#8220;0x650d.&#8221; The auction house further states that the lot of NFTs going up for sale next week comes from a single wallet that represents 1 percent of the entire <\/span><a href=\"https:\/\/cryptoslate.com\/cryptopunk-nft-worth-over-850000-sold-in-error-for-less-than-20000\/\"><span style=\"font-weight: 400;\">CryptoPunks <\/span><\/a><span style=\"font-weight: 400;\">collection, which makes the auction more unique and special.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the official statement:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;The present group of 104 CryptoPunks, which since their launch in 2017 have become the standard-bearer and leading visual symbol for the global NFT movement, were acquired together with a single transaction registered on the blockchain, and therefore all 104 Punks have the exact same provenance and making this collection unique.&#8221;<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Moreover, <\/span><a href=\"https:\/\/cryptoslate.com\/ethereum-becomes-a-first-class-currency-on-sothebys-for-banksy-auction\/\"><span style=\"font-weight: 400;\">Sotheby's<\/span><\/a><span style=\"font-weight: 400;\"> will also be accepting payments in cryptocurrencies from the bidders during the event. The auction house clarified that they will be accepting payments in Bitcoin and Ethereum along with fiat currency payments for the single lot sale of 104 CryptoPunks NFTs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 104 CryptoPunks NFTs previously owned by anonymous &#8220;<\/span><a href=\"https:\/\/twitter.com\/0x650d\/status\/1491095765137391616?t=M7fjlnuQs7L5LPoQpwPpjg&s=19\"><span style=\"font-weight: 400;\">0x650d<\/span><\/a><span style=\"font-weight: 400;\">&#8221; also acknowledged the following auction as &#8220;one of the most significant and high profile sales of contemporary and modern art in history.&#8221;<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;I simply could not pass up the opportunity to elevate CryptoPunks in the international art community. And with this sale, the CryptoPunk collection will be solidified in the broader art world.&#8221; The anonymous collector added\u00a0<\/span><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This live, single-lot evening auction represents a chance to showcase CryptoPunks on the same level as some of the most significant and high-profile sales of Contemporary and Modern Art in history.<\/p>\n<p>&mdash; 0x650d (@0x650d) <a href=\"https:\/\/twitter.com\/0x650d\/status\/1491095774234804224?ref_src=twsrc%5Etfw\">February 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">CryptoPunks NFTs, originally launched in 2017 by Larva Labs, gained tremendous popularity due to their unique characteristic features and attributes. Each CryptoPunks NFT was algorithmically created through a computer code by adding a flair of uniqueness to each CryptoPunks NFT.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prestigious auction house Sotheby&#8217;s is putting up a sale of 104 CryptoPunks NFTs in New York City. The official statement issued by Sotheby&#8217;s stated that the auction house is all set to sell 104 CryptoPunks NFTs in a single lot which is expected to fetch nearly $20-30 million.\u00a0 \u00a0 Sotheby&#8217;s to auction 104 Cryptopunk NFTs\u00a0 [&hellip;]<\/p>\n","protected":false},"author":824,"featured_media":214538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76232],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sotheby&#039;s to auction 104 CryptoPunks NFTs for an estimated $20-$30 million<\/title>\n<meta name=\"description\" content=\"The auction, titled &quot;Punk It&quot; will be unveiled in New York City from 18 to 23rd February.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/sothebys-to-auction-104-cryptopunks-nfts-for-an-estimated-20-30-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sotheby&#039;s to auction 104 CryptoPunks NFTs for an estimated $20-$30 million\" \/>\n<meta property=\"og:description\" content=\"The auction, titled &quot;Punk It&quot; will be unveiled in New York City from 18 to 23rd February.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/sothebys-to-auction-104-cryptopunks-nfts-for-an-estimated-20-30-million\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-09T18:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-09T14:20:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/sothebys-cryptopunk-nft-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Juhi Mirza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Juhi Mirza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/sothebys-to-auction-104-cryptopunks-nfts-for-an-estimated-20-30-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/sothebys-to-auction-104-cryptopunks-nfts-for-an-estimated-20-30-million\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#person\",\"name\":\"Juhi Mirza\",\"url\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"caption\":\"Juhi Mirza\"},\"description\":\"Juhi Mirza is an archaeology major who is obsessive about blockchain\/Crypto technology and deems it to be the foundational philosophy of the future. 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