{"id":22943,"date":"2021-04-23T13:10:20","date_gmt":"2021-04-23T13:10:20","guid":{"rendered":"https:\/\/www.artrights.me\/in-asta-da-christies-i-cryptopunks\/"},"modified":"2021-04-23T13:20:17","modified_gmt":"2021-04-23T13:20:17","slug":"cryptopunks-at-christies-auction","status":"publish","type":"post","link":"https:\/\/artrights.me\/en\/cryptopunks-at-christies-auction\/","title":{"rendered":"Christie&#8217;s sells NFTs: this time there are the $ 9 million CryptoPunks"},"content":{"rendered":"\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"h-christie-s-sells-nfts-this-time-there-are-the-9-million-cryptopunks\"><strong>Christie&#8217;s sells NFTs: this time there are the $ 9 million CryptoPunks\u00a0<\/strong><\/h3>\n\n\n\n<p><strong>A new auction of digital works of art in NFT could once again break the art market<\/strong><\/p>\n\n\n\n<p>Only a month has passed since the <a href=\"https:\/\/www.artrights.me\/en\/record-at-christies-crypto-art-work-sold-for-over-60-million\/\" target=\"_blank\" rel=\"noreferrer noopener\">record auction<\/a> that saw <a href=\"https:\/\/www.artrights.me\/en\/who-is-the-digital-artist-nft-beeple\/\" target=\"_blank\" rel=\"noreferrer noopener\">Beeple<\/a> and Christie&#8217;s as protagonists and since then the world of art has undergone a real revolution: the phenomenon of Crypto Art has definitively exploded and now the English auction house is ready to sell, for the second time, works of art in <a href=\"https:\/\/www.artrights.me\/en\/what-are-nfts\/\" target=\"_blank\" rel=\"noreferrer noopener\">NFT<\/a>!<\/p>\n\n\n\n<p>Christie&#8217;s announced that on the evening of May 13 in New York during the Evening Sale dedicated to contemporary art, a batch of &#8220;CryptoPunks&#8221; &#8211; a cult series of NFT characters on the <a href=\"https:\/\/www.artrights.me\/en\/what-is-ethereum\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ethereum<\/a> blockchain, will be on sale, estimated at between $ 7. and the $ 9 million.<\/p>\n\n\n\n<p>Created in 2017 by Matt Hall and <strong>John Watkinson<\/strong>, developers of<strong> Larva Labs<\/strong> (an agency specializing in technology projects), the \u201cCryptoPunks\u201d take the form of old 8-bit video game avatars. Each of them has its own appearance and differ from each other in the features of the face, the color of the eyes and \/ or hair and other physical characteristics that, after release, cannot be changed.\u00a0<\/p>\n\n\n\n<p>According to Noah Davis, Christie&#8217;s specialist, the &#8220;CryptoPunks&#8221; are &#8220;the alpha and omega of the crypto movement&#8221;. For some, they symbolize the anti-establishment and rupture spirit that characterized Crypto Art in its early days and evoke the London punk scene of the 1970s or the dystopian atmospheres of films like &#8220;Blade Runner&#8221;.\u00a0<\/p>\n\n\n\n<p>Yet for others their meaning remains a mystery, so much so that Charles Stewart, CEO of Sotheby&#8217;s, even wondered if they were art.<\/p>\n\n\n\n<p>Beyond these statements, however, it is necessary to underline how the high amount requested brings with it a double question: if on the one hand such an important sum can mean a further affirmation for the NFT market, on the other it is right to underline how may be a symptom of a cooling. It should be borne in mind that before the extraordinary sale of Beeple at Christie&#8217;s on March 11, another pair of &#8220;CryptoPunks&#8221; had been sold for $ 7.5 million each. A group of 9 is now expected to be beaten for the same amount.<\/p>\n\n\n\n<p>The prices of NFTs, in fact, in the last period have started to decrease more and more: from the average $ 4,000 in mid-February, they have gone down to $ 1,400 in recent days, with an estimated drop of 70%. However, the demand for \u201cCryptoPunks\u201d remains high: recently, in fact, there have been 388 sales of these works which alone generated $ 20.5 million in total revenue.<\/p>\n\n\n\n<p>The lot that will be sold in May brings with it a peculiarity that bodes well: the group of characters depicted also includes a very rare blue-skinned &#8220;alien&#8221; that belongs to a subset of the most sought after &#8220;punk&#8221;. In fact, there are only 9 examples of this family, making the work a real collector&#8217;s item that cannot be found.<\/p>\n\n\n\n<p>Photo credits: Nicolas Asfouri\/Afp Via Getty Images<\/p>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"h-and-you-are-you-curious-to-see-a-new-record\"><strong><em>And you, are you curious to see a new record?\u00a0<\/em><\/strong><\/h3>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christie&#8217;s announced that a lot of &#8220;CryptoPunks&#8221; will be on sale on the evening of 13 May dedicated to contemporary art<\/p>\n","protected":false},"author":4,"featured_media":22940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6941],"tags":[2213,451],"class_list":{"0":"post-22943","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-drop-nft-crypto-art-en","8":"tag-arte-digitale-en","9":"tag-christies-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CryptoPunks worth 9 million dollars at Christie&#039;s auction | Digital Art Rights<\/title>\n<meta name=\"description\" content=\"Christie&#039;s announced that a lot of &quot;CryptoPunks&quot; will be on sale on the evening of 13 May dedicated to contemporary art\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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