In the Sotheby’s salesroom one evening in late February, fluorescent lights beamed down on the assembled crowd. A sea of spectators is not unusual for Sotheby’s — the 278-year-old auction house typically hosts more than 600 sales per year — but this sale was different. It was the auction house’s first-ever evening sale dedicated solely to NFTs.
Sotheby’s described the event, titled “Punk it!,” as “a truly historic sale for an undeniably historic NFT project.” It consisted of a single lot — 104 CryptoPunks sold as an all-or-nothing bundle. Sotheby’s estimated the bundle would go for $20–30 million, on par with sales of paintings by David Hockney or Jean-Michel Basquiat.
To drum up interest, the auction house had thrown a series of events...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.