Sotheby’s latest NFT-inclusive auction, ‘Natively Digital’, has concluded following a week-long bidding war for some of the most highly collectable NFT collections on the market today.
The auction was the first to be hosted on Sotheby’s ‘Metaverse’ platform, which according to the auction house is “an immersive destination for collectors of digital art offering a curated selection of NFTs.”
The collection – titled “Natively Digital 1.2: The Collectors” – featured an array of NFTs such as a ‘Chromie Squiggle‘, a CryptoPunk, an extremely rare ‘Solid Gold’ Bored Ape Yacht Club (BAYC) NFT and an array of cat-based NFTs including Cool Cats.
A Rare Pepe NFT worth $3.6m
Incredibly, the NFT of the cartoon frog sold for $3.6m at auction and beat out the rest of the competition by a considerable margin.
Going into the auction, many expected the ‘Solid Gold’ ape, BAYC # 8817, to reach the highest value due to its rarity, scarcity and the growing popularity of the collection.
The record-breaking ‘Solid Gold’ fur ape
Interestingly the same buyer – ‘rhincodon’ – bought both the Rare Pepe and BAYC NFT, which could signal that a serious buyer was waiting in the wings to snap up the highly collectable pieces.
The piece, titled ‘SELF PORTRAIT #1, 2020‘, is described as “the most important work in Cherniak’s career” and ended with a price tag of $2.68m.
The lot also featured an array of cat-based NFT collections including ‘OG’ project CryptoKitties, MoonCats and Cool Cats – all of which exceeded expectations at the auction.