Sotheby’s Metaverse: Lavish NFTs hoarded by Meta4 Capital
The US investment company won all the most expansive pieces auctioned off at Sotheby’s
As Sotheby’s non-fungible token (NFT) sale Natively Digital 1.2 collection was completed, Meta4 Fund Management, known as Meta4 Capital, a US cryptocurrency-focused investment management company, hoarded Sotheby’s Metaverse most renowned NFTs.
Meta4 Capital recently announced that it is curating a portfolio of outstanding NFT specimens and to invest in the project. It went on to win all the most expansive pieces auctioned off, contributing to a new Rare Pepe record of $3.6m for PEPENOPOULOS, the NFT named after Andreas M. Antonopoulos, one of Bitcoin’s most renowned evangelists.
Alongside the Rare Pepe, the firm is taking home the gold Bored Ape Yach Club (BAYC) #8817, available for the first time since it was minted. The rare BAYC belonging to less than 1% of all Bored Apes having a gold fur trait and sold for a record $3.4m.
Finally, the firm won the Digital Zone of Immaterial Pictorial Sensibility for a whopping $1.5m. It is one of the first blockchain-based artworks to situate the technology within a longer history of conceptual art.
The Native Digital 1.2 collection
Five out of 53 NFTs under the hammer at the New York based auction house were unsold, while the two celebrities offering NFTs, media personality Paris Hilton and rapper Snoop Dog, fetched around $60,000 and around $600,000 respectively.
The remaining millionaire NFTs were Self Portrait #1 by Dmitri Cherniak, an NFT exploring the programmable potential of on-chain media by inviting the owners and editors to continually change the parameters that define the output of the work, sold for $2.6m.
And finally, Rubik’s Lure, one of Pak’s earliest pieces from a series launched on SuperRare. The artwork taking the iconic Rubiks Cube and transforming it into something futuristic that resembles a beautiful, robotic & precious puzzle sold for $1,1m, while a Crypto Punk by LarvaLabs, N.8527 fetched $867,000.