Sotheby’s, one of the oldest auction houses in the world, is holding an auction on June 18 that will feature a collection of Ethereum-based Bored Ape non-fungible tokens (NFTs).
The auction’s highlight is Ape #8552, a Bored Ape Yacht Club (BAYC) NFT known for its unique features, including a leather biker vest and a sushi chef headband.
This particular NFT stands out not only for its solid gold fur but also for its previous owner, the now-bankrupt Three Arrows Capital (3AC). This once-leading crypto hedge fund collapsed during the market downturn of 2022.
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Alongside Ape #8552, the auction will include two gold-furred NFTs from the Mutant Ape Yacht Club (MAYC) collection and an NFT from the Bored Ape Kennel Club (BAKC), all of which originate from Yuga Labs.
The MAYC is a spinoff NFT collection launched in 2021, consisting of up to 20,000 Mutant Apes, which can be produced either by transforming an existing Bored Ape with the “Mutant Serum” or by minting a new Mutant Ape during a public sale. Meanwhile, the BAKC offers dog NFTs.
The floor price for the cheapest Bored Ape is approximately $47,000. However, gold-furred Apes are particularly rare, with only 46 out of 10,000 minted, so they fetch significantly higher prices. The last gold-furred Ape sold for nearly $940,000.
Therefore, the auction promises to be an important event for NFT collectors, featuring valuable pieces from the BAYC and related collections.
Sotheby’s has a history of successful auctions involving assets previously owned by 3AC. Last year, Dmitri Cherniak’s art piece known as “The Goose” from the Ringers collection sold for $6.2 million.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
