z“Nvm, decided to hodl.”
Sotheby’s cancelled a much-anticipated auction for a collection of 104 CryptoPunk NFTs when the vendor backed out at the last minute.
Collector Pulls Out
On Wednesday, the auction, which was first publicized on February 8, was predicted to bring in a stunning $30 million. It was billed as “the highest-profile NFT sale of all time” because it was the second important NFT piece to be auctioned by Sotheby’s. The previous one was a collection of 101 Bored Ape Yacht Club NFTs that sold for $24.4 million in September 2021.
Sotheby’s tweeted the auction:
„ЦриптоПункс добијају Сотхеби'с третман. Наша следећа #СотхебисМетаверсе распродаја 'Пунк Ит! 104 ЦриптоПункс. 1 Лот.' биће знаменита вечерња аукција УЖИВО 23. фебруара. Заиста историјска продаја несумњиво историјског НФТ пројекта.”
The “Punk It!” lot (the collection’s name) of 104 CryptoPunks NFTs was originally purchased in a single transaction by an anonymous collector who goes by the Twitter handle “0x650d.”
According to a Sotheby’s official, the current owner of the NFT collection chose to cancel the auction just minutes before bidding went live. Just before bidding was set to begin, the decision to withdraw was reached in the crowded auction room.
Following discussions with the consignor, tonight’s Punk It sale has been withdrawn. Thank you to our panelists, guests and viewers for joining us.
- Сотхеби'с Метаверсе (@Сотхебисверсе) 24. фебруара 2022. године
Повезани чланак | Sotheby’s Solo Auction Will Feature $10 Million CryptoPunk NFT
Owner Boasts Of Rug Pulling Sotheby’s
Following Sotheby’s confirmation of the auction’s cancellation on Twitter, the auction’s pseudonymous consignor wrote, “nvm, I’ve made the decision to hodl.” After that, the collector shared a meme claiming that they were friends “rugging Sothebys and bringing punks into the mainstream.” While the term “rug pull” usually refers to a crypto fraud in which a group pumps their project’s coin before vanishing with the funds, no funds were lost in this case.
нвм, одлучио да ходл хттпс://т.цо/ВдК5Х7И0фл
— 0к650д (@0к650д) 24. фебруара 2022. године
Despite the excitement surrounding the sale, there were rumors that the collection might receive a cold response. According to CoinDesk, three individuals, including one on-site bidder at Sotheby’s, said that the highest pre-bid offer did not even come close to exceeding the reserve price of $14 million.
According to two persons acquainted with the incident, the single-lot auction did not attract enough buyers. This may have influenced the collector’s choice to pull the lot.
BTC/USD trades at a $36k amid crisis. Source: TradingView
RugRadio founder Farokh прозвао побачени продавац: „Брате, одвратно, престани да се понашаш као да си покварио Сотхеби'с лмао си учинио да сви изгледају глупо. Чак нам се и штампа овде смеје јер престајете да кријете кривицу иза глупих мемова.”
CryptoPunks, which was founded by Larva Labs in 2017, has produced approximately 683,000 ETH in sales volume, which is roughly $2 billion at the time of writing. The current floor price for the project is 67.5 ETH ($207,000).
This was meant to be Sotheby’s second sale of a big non-fungible token (NFT) lot. The first being a $24.4 million collection of 101 Bored Apes auctioned in September.
The auction house has been deliberately broadening its metaverse reach by modifying its operations to accommodate more digital components such as crypto payments and NFT artworks. In 2021, it made history by being the first auction company to develop its own non-traditional marketplace, Sotheby’s Metaverse. Furthermore, the auction house recently stated that it would accept crypto payments for the Enigma, the world’s largest diamond.
Релатед Реадинг | Sotheby’s To Auction Off World Wide Web Source Code As NFT
Истакнута слика са Пикабаи-а и графикона са ТрадингВиев.цом
Source: https://bitcoinist.com/sothebys-halt-cryptopunks-auction/