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NFT News

Cryptopunks NFTs Sold For $16.9 Million At Christie’s Auction

The auction house sold a Beeple NFT for $69 million in March.

Written By Rajpalsinh
Published May 12, 2021 4:04 AM·Updated 1 year ago
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Cryptopunks NFTs Sold For $16.9 Million

A collection of nine CryptoPunks NFTs sold for $16.9 Million at Christie’s auction in New York.

#AuctionUpdate 9 rare CryptoPunks from Larva Labs' own collection makes history realizing $16,962,500 pic.twitter.com/qsPs5nqVYY

— Christie's (@ChristiesInc) May 12, 2021

Larva Labs created the project in 2017. CryptoPunks is a collection of 10,000 pixelated head comes in the form of humans, apes, zombies, and aliens.  Everyone was made algorithmically and included various properties similar to their hairstyle, glasses, or hat.  Few characteristics are rarer than others, and those will, in general, make for more significant CryptoPunks.

The sale of these Nine CryptoPunks is from Larva Labs. The group at first kept 1,000 NFTs for themselves and gave out the rest. 

Nine groups contain one CryptoPunk with, especially unique properties. CryptoPunk 635, the one with a blue face and sunglasses, is one of only nine “alien” punks in the whole series. Another of nine, CryptoPunk 2, the one with black hair that looks similar to the heart portrayed counted as second in 10,000 arrangement.

Cryptopunks have taken off in popularity since NFT began to explode in February.  Two alien punks sold for over $7.5 million each in March. Seven have sold for more than $1 million in the last few months.

This was Christie’s second-largest NFT sale. In March, the auction house sold a Beeple NFT for $69 million, marking a high point for the NFT market.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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