A bunch of ape NFTs just sold for $24.4 million

Six of the 101 apes sold at auction. | Image: Bored Ape Yacht Club / Sotheby’s

If you thought NFT mania was about to die off, think again: a bundle of 101 NFTs from Bored Ape Yacht Club just sold at Sotheby’s for $24.4 million. A second bundle of 101 Bored Ape Kennel Club NFTs sold for $1.8 million.

That puts the ape sale among the biggest in the NFT space. A bundle of nine CryptoPunks — one of the earliest NFT projects — sold for $16.9 million in May. And Beeple sold a collage of his works as an NFT for $69 million in March. While it’s hard to directly compare all of these sales (there are 101 items in today’s auctions versus one in Beeple’s), the purchases show that the appetite for NFT art isn’t dying down, and they suggest that buyers think there’ll be high resale value as the market continues to grow.

The two…

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Author: Jacob Kastrenakes