{"id":271286,"date":"2021-06-10T19:45:00","date_gmt":"2021-06-10T16:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sothebys-auction-sets-new-world-record-for-11-8m-cryptopunk-sale\/"},"modified":"2021-06-10T19:45:00","modified_gmt":"2021-06-10T16:45:00","slug":"sothebys-auction-sets-new-world-record-for-11-8m-cryptopunk-sale","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sothebys-auction-sets-new-world-record-for-11-8m-cryptopunk-sale\/","title":{"rendered":"# Sotheby&#8217;s auction sets new world record for $11.8M CryptoPunk sale"},"content":{"rendered":"<p>&#8220;<strong># Sotheby&#8217;s auction sets new world record for $11.8M CryptoPunk sale <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMGQ5ZWNiNTgtNGM5OS00YTA5LTlhY2QtZGQyYmQwZGMyY2M2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Luxury auction house Sotheby\u2019s made waves on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> on Thursday following the sale of one rare CryptoPunk.<\/p>\n<p>In a tweet from Sotheby\u2019s, the auction <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sothebys\/status\/1402996062474760193\">said<\/a> CryptoPunk #7523 \u2014 also known as \u201cCOVID Alien\u201d \u2014 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2021\/natively-digital-cryptopunk-7523\">sold<\/a> in its London salesroom for roughly $11.8 million. According to the auction house, this sale represents a new world record for a single CryptoPunk artwork.<\/p>\n<p>CryptoPunks, which predate the bulk of the nonfungible token (NFT) craze in 2021, are often small, pixelated depictions of people, apes, zombies and aliens. Sotheby\u2019s announced the sale of the COVID Alien in late May as a \u201cspecial, standalone\u201d auction. The artwork features an alien wearing a face mask.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Moments ago in our <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/London?src=hash&amp;ref_src=twsrc%5Etfw\">#London<\/a> saleroom, an extremely rare \u201cAlien\u201d CryptoPunk #7523 from the collection of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sillytuna?ref_src=twsrc%5Etfw\">@sillytuna<\/a> sold for $11.8M as part of our <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NativelyDigital?src=hash&amp;ref_src=twsrc%5Etfw\">#NativelyDigital<\/a> NFT auction \u2013 setting a new world auction record for a single CryptoPunk. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PDVUSttI3o\">pic.twitter.com\/PDVUSttI3o<\/a><\/p>\n<p>\u2014 Sotheby&#8217;s (@Sothebys) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Sothebys\/status\/1402996062474760193?ref_src=twsrc%5Etfw\">June 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>On-chain data shows that someone purchased the CryptoPunk for 8 Ether (ETH) in a public sale in 2017 \u2014 a fraction of the sale price today. However, last month New York-based auction house Christie\u2019s sold nine CryptoPunks for almost $17 million, implying there is still strong interest from many buyers for these pieces.<\/p>\n<p>&#8220;Punks were designed as pseudonymous portraits, masks for those crypto pioneers that value the idea of privacy in the modern age,&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sothebys.com\/en\/digital-catalogues\/natively-digital\">said<\/a>\u00a0Sotheby&#8217;s in an overview of the auction.\u00a0&#8220;Avatars, portraits or masks, they stand as semiotic reference points to a specific internet crypto native identity that now spreads itself across social networks \u2014 particularly Twitter. More is said by a Punk as a profile picture than a portrait of the individual behind the account.&#8221;<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Sotheby\u2019s moves $10 million CryptoPunk to solo auction event<\/em><\/strong><em> <\/em><\/p>\n<p>The  NFT collector \u201cSillytuna,\u201d who owned the COVID Alien prior to the sale, previously told Cointelegraph that he acquired the digital collectible in an over-the-counter deal. He took to Twitter immediately after the sale to announce that \u201cNFTs are DEAD\u201d and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sillytuna\/status\/1403002549498568713\">hinted<\/a> he may have already used some of the funds to make another artwork purchase.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">4520 Eth for a cryptopunk.<\/p>\n<p>NFTs are DEAD! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eEwTKYju2w\">pic.twitter.com\/eEwTKYju2w<\/a><\/p>\n<p>\u2014 Sillytuna  (@sillytuna) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sillytuna\/status\/1402997178767790082?ref_src=twsrc%5Etfw\">June 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sotheby-s-auction-sets-new-world-record-for-11-8m-cryptopunk-sale\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Sotheby&#8217;s auction sets new world record for $11.8M CryptoPunk sale &#8221; Luxury auction house Sotheby\u2019s made waves on social media on Thursday following the sale of one rare CryptoPunk. In a tweet from Sotheby\u2019s, the auction said CryptoPunk #7523 \u2014 also known as \u201cCOVID Alien\u201d \u2014 sold in its London salesroom for roughly $11.8&#8230;<\/p>\n","protected":false},"author":1,"featured_media":271287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMGQ5ZWNiNTgtNGM5OS00YTA5LTlhY2QtZGQyYmQwZGMyY2M2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,116,55649,67880,117],"class_list":["post-271286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-art","tag-artists","tag-auction","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/271286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=271286"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/271286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/271287"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=271286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=271286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=271286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}