Sotheby's breaks Cryptopunk NFT auction worth $ 30 million after the owner was robust
Sotheby's breaks Cryptopunk NFT auction worth $ 30 million after the owner was robust
- Sotheby’s was supposed to auction 104 cryptopunks, but canceled the event after the NFT owner had made the auction house "robust" and bragged it on Twitter.
- A number of leading heads in the crypto industry called the seller and said that this type of unprofessionalism throws a bad light on the burgeoning industry.
One of the world's largest art brokers canceled one of his largest auctions after an NFT owner withdrew at the last minute. Sotheby’s should auction 104 cryptopunk nfts for about $ 30 million before the owner changed his opinion.
The NFT auction entitled "Punk It" was announced on February 8 by the company based in New York. All 104 cryptopunks would have been sold to the highest bidder in a single batch, whereby the company estimates that they would go between $ 20 and $ 30 million for everything.
The NFTs belonged to an anonymous collector called "0x650d". He acquired her in a single Ether transaction for $ 7 million in July last year.
At that time, 0x650d claimed to be enthusiastic about working with Sotheby’s for the sale. On February 23, however, he announced Twitter that he decided to have his NFTS to Hodln.
nvm, opted for Hodl https://t.co/wdq5h7i0fl
- 0x650d (@0x650d) 24. February 2022
In a subsequent tweet, the owner posted a meme in which he claimed to bring cryptopunks to the mainstream by "smashing Sotheby’s". Rugging is when a project developer disappears with the money of the investors, a truck that plagued the crypto industry.
Many in the industry did not take up the debacle well, which in their opinion throws a bad light on the entire crypto and NFT industry.
Robert Leshner, the founder of Compound Finance, one of the largest defi platforms on the market, said that the NFT owner thought that he would improve the industry, but had the opposite effect. "A sad day for digital collectors," he added.
The short-term withdrawal of the punk IT auction unfortunately had the opposite effect. A sad day for collectors of digital art. https://t.co/lxgjvbi2ok
- Robert Leshner (@rleshner) 24. February 2022
also the founder of the decentralized web3 media company RUG Radio, only known as Farokh aimed at anonymous collector.
brother, you are shit. Stop how to behave like you rugged Sotheby’s, LMAO, you all let it get stupid. Even the press here laughs at us because of you, stop hiding the blame behind stupid Memen.
While the collector later indicated that the high premiums that Sotheby’s demanded were behind his decision to deposit, insiders claim at Sotheby’s that it was most likely to be of the low interest that was his collection.
Three sources News agency that the highest proposal offer was only $ 14 million, half of the forecast income.
Source: Crypto-news-flash.com
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