Sotheby’s, the renowned auction house, is set to test the staying power of Bored Ape Yacht Club NFTs with a curated auction on June 18, 2024.
The centerpiece of the upcoming “bidding war” is a highly coveted Bored Ape Yacht Club with a distinctive feature – solid-gold fur.
This “2021 relic,” as described by Sotheby’s head of NFTs, boasts a unique history. It was previously owned by Three Arrows Capital (3AC)—a now-bankrupt crypto hedge fund with a significant art collection.
Source: X (Stats)Additional Yuga Labs Treasures Revealed
The auction lot continues further. It includes other sought-after Yuga Labs creations, such as two gold-furred Mutant Apes and a Bored Ape Kennel Club dog NFT.
While the broader Bored Ape market has experienced a price correction, NFTs with rare traits (like gold fur) continue to command significant value. The last gold-furred Ape sold for a staggering $933,000 in March.
Sotheby’s has a proven track record of success with high-profile NFT auctions. In 2023, they facilitated the $6.2 million sale of “The Goose,” another NFT artwork previously owned by 3AC.
Learn more: Sotheby’s ‘The Goose’ NFT Nets $6.2M – NFT Plazas
This upcoming auction builds upon that success story, offering collectors a chance to acquire a piece of internet history intertwined with the world of fine art.
Although Sotheby’s has yet to reveal the full details of the auction, one thing is certain: the sale will be closely watched by those interested in the intersection of NFTs and the traditional art market.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.