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Auction house Sotheby’s is expecting to bring in the amount of around $30 million for the upcoming auctioning of 104 CryptoPunk non-fungible tokens (NFTs) in New York City auction on February 23.
The complete collection that will be sold as a single lot titled “Punk It!,” was acquired in July 2021 in a single blockchain transaction by anonymous collector “0x650d,” according to Ethereum blockchain analytics site Etherscan.
Sotheby’s is organizing a live panel discussion on the history of NFTs and CryptoPunks around the event, in celebration.
Sotheby’s co-head of digital art, said Michael Bouhanna, said in a statement:
“CryptoPunks are the original PFP series that created the template for other NFT projects that have followed, and which helped propel NFTs to the global stage as one of the most recognizable visual styles that have become synonymous with the digital art movement.”
CryptoPunks are a collection of 10,000 NFTs released in 2017 by Larva Labs showcasing pixelated portraits of punk rock looking faces, with each NFT being unique with various traits and accessories. Since then, hey have become one of the most successful NFT collections, with a current floor price of more or less 67.5 ETH.