Christie’s Auctions CryptoPunks for $16.9 Million

Christie’s, one of the most famous auction houses in the world, has recently completed the auction of 9 CryptoPunk NFTs for a value of $16.9 million total, marking a milestone for the Non-Fungible Token (NFT) collection.

The British auction house handled the auction of Beeple’s “Everydays: The 500 days” collection, which sold for $69 million back in March of 2021 in what would become the most expensive NFT sale to this date.

The auction finished on May 11th but despite selling for about $2 million each, it is far from the record established by the franchise as Cryptopunk #3100 and CryptoPunk #7804 sold for over $7.57 each.

Christie’s also partnered with Save Art Space to present a month-long public art exhibition in the city of New York that will feature the 193 CryptoPunks, including the 3 auctioned by the house.

Titled “Pixelated”, the exhibition will run from May 10th to June 6th and will take place in 153 art installations on bus shelters, phone booths, and billboard spaces.

How CryptoPunks Took the World By Storm

CryptoPunks were some of the first NFTs ever created on the Ethereum network with a total of 10,000 punks, pixelated images based on the 70s London punk scene with different traits assigned by an algorithm to ensure their uniqueness

The collection started as an experiment by Matt Hall and John Watkinson as they explored the idea of generating digital art that provided its owners with a strong sense of ownership based on the uniqueness…

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