NFT of Bored Apes sells for over $24m at Sotheby’s auction

Sotheby’s originally predicted the Bored Ape digital artwork would sell for $12m to $18m

A flag outside Sotheby’s auction houses in London                                 
Banner for Sotheby’s, London – Photo: Shutterstock
                                

The set of 101 Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) designed by Delaware-based Yuga Labs has sold for $24.4m (£17.6m) at Sotheby’s, shattering the original predictions the auction house had set for them at $12m–$18m.

Another collection, the 101 Bored Ape Kennel Club NFTs, sold for $1.8m. Both auctions took place on 9 September.

The 101 Bored Apes also consist of three M1 and three M2 “Mutant serum” NFTs. When an M1 or M2 serum is combined with a Bored Ape token, it allows the holder to mint a new Mutant Ape NFT that shows a mutated form of the original Bored Ape.

Each Bored Ape in the collection was valued at about $241,000 or 69.4 ether (ETH) at time of publication.

NBA player Stephen Curry and the Bored Apes

Stephen Curry, three-time National Basketball Association (NBA) champion and two-time NBA Most Valuable Player who also plays for the Golden State Warriors, has joined the Bored Ape craze.

Curry changed his Twitter profile picture to a Bored Ape NFT after buying one for $180,000 in August. Additionally, the NBA player recently announced he has become a global ambassador and shareholder of cryptocurrency derivatives exchange FTX.

Curry is not the first high-profile athlete to partner with FTX. Tom Brady, a quarterback for National Football League team the Tampa Bay Buccaneers, also inked an endorsement deal with the exchange in June.

Manchester City releases its second NFT

In September, Premier League champions Manchester City announced the release of their second NFT.

The football club’s second NFT went live on 7 September at 20.00 BST on MakersPlace, a marketplace for digital art. This follows its first NFT in May.

The latest NFT release was dubbed the ‘Creation’ collection and is produced by digital artist Alan Bolton. The ‘Creation' collection consists of three pieces, ‘The Football Academy’, ‘The Football Laboratory’ and ‘To The Blue Moon’. The artwork combines into a triptych, which is a picture made up of three sections. One of the pieces 'The Football Laboratory' has sold for $19,000.

There was also a limited-edition collectors’ draw featuring a fourth artwork called ‘The Football Artists’. Each edition has the signature of a different member of Manchester City’s 2021/22 squad. The winners of the draw will receive one of the unique pieces.

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Further reading: Lionel Messi enters the NFT sector

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