Taking place during Sotheby‘s Metaverse NFT sales series, the ‘Punk It!’ sale will include other live events including a VIP dinner and party with a live DJ between February 18th and 23rd. If Sotheby’s abide by their previous auction polices, those interested in pieces from the impressive NFT lot will be able to make bids via cash or crypto.
If all 104 CryptoPunks are successfully sold, an amount of $20-30 million is expected to be generated, which in the wacky context of NFTs, is a reasonable amount given the collection’s stature as the original profile picture NFT series.
In an auction in June 2021, Sotheyby’s previously sold a singular CryptoPunk for a whopping $11.75 million. Their main competitor, Christie’s Auction House, have also made some noteworthy CryptoPunk sales in the past, including a $17 million sale for a collection of nine Punks back in May 2021, and a $12 million sale for a collection of 14 Punks later in September.