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CryptoPunk NFT Collectible offered at Christie’s for $ 7m –




NFT prices have dropped significantly in recent weeks across the board The best shots in the NBA at Beeple B20 tokens but that did not deter Christie’s from pursuing the market. Today the auction house announced a unique batch of nine CryptoPunks offered by Larva Labs, the creators of cult digital collectibles, at marquee 21st Evening of the Century sale on May 13e. This sale was once the post-war and contemporary art sale that saw auction wars like the Battle for Leonardo’s $ 450 million painting, Salvador Mundi.

CryptoPunks may not be Christ-like figures, but for many in the digital collecting world the works have almost religious significance. Christie’s specialist in the field, Noah Davis, captured that sentiment this way: “CryptoPunks are the alpha and omega of the CyptoArt movement.”

Created by developers Matt Hall and John Watkinson, the 10,000 CryptoPunks are 8-bit 24×24 pixel images available on the Larva Labs website. According to Christie’s, “there are 6,039 male punks and 3,840 female punks.” Additionally, there is a subset or rarer of “88 green skinned zombie punks, 24 shaggy monkey punks, and nine light blue skinned alien punks.”

Originally launched in 2017 when offered for free, Hall and Watkinson set aside 1000’s of CryptoPunks for themselves, “Just in case that becomes a thing.” It made. Now Christie’s has an estimate of $ 7-9 million for the group of nine.

CryptoPunk’s peak value was on March 11 of this year, when CryptoPunk3100 sold for 4,200 ETH ($ 7,678,482). Since then, the prices have dropped a bit. This does not mean that the demand has evaporated. 184 CryptoPunks sales last week for an equivalent value of $ 8.396 million suggests buyers are still clamoring for CryptoPunks.

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