{"id":28338,"date":"2022-02-25T13:33:07","date_gmt":"2022-02-25T13:33:07","guid":{"rendered":"https:\/\/www.artrights.me\/sothebys-104-nft-cryptopunks-ritirati-dalla-vendita\/"},"modified":"2022-02-25T16:22:51","modified_gmt":"2022-02-25T16:22:51","slug":"sothebys-104-nft-cryptopunks-withdrawn-from-sale","status":"publish","type":"post","link":"https:\/\/artrights.me\/en\/sothebys-104-nft-cryptopunks-withdrawn-from-sale\/","title":{"rendered":"Sotheby’s: 104 NFT CryptoPunks withdrawn from sale"},"content":{"rendered":"\n

Sotheby\u2019s: 104 NFT CryptoSotheby’s: 104 NFT CryptoPunks withdrawn from sale<\/strong>Punks ritirati dalla vendita<\/strong><\/h3>\n\n\n\n

On 23 February, the British auction house announced the grand sale of a series of CryptoPunks with an estimate of between $20 and $30 million. The owner decided to withdraw the lots at the last minute.<\/strong><\/strong><\/p>\n\n\n\n

A few days ago, <\/strong>Sotheby<\/a>‘s auction house <\/strong>announced the first major evening auction, in the great hall of its New York headquarters, of one of the largest collections of CryptoPunks<\/a> in history.<\/p>\n\n\n\n

The auction, called “Punk it!”, was <\/strong>supposed to be the first one with a million-dollar estimate dedicated to NFTs, but something went wrong.<\/p>\n\n\n\n

The set of 104 CryptoPunks for <\/strong>sale came from an anonymous collector known as 0x650d<\/strong>.<\/p>\n\n\n\n

WHAT ARE NFT CRYPTOPUNKS?<\/strong><\/p>\n\n\n\n

CryptoPunks is a collection of 10,000 NFTs released in 2017 by Larva Labs<\/a>, images minted as Non Fungible Token avatars with punk rock looking pixelated traits<\/strong>. Each NFT in the collection is unique, with different traits that are more or less rare, allowing it to stand out within the same collection.<\/p>\n\n\n\n

“CryptoPunks is the original PFP series – profile pic – that created the template for other NFT projects that followed,” <\/em>said Michael Bouhanna, <\/strong>co-head of Sotheby’s Digital Art department.<\/p>\n\n\n\n

The auction house was prepared to accept bids in cryptocurrency only, <\/strong>giving the end buyer the option to pay in Ether, Bitcoin, USD or any fiat currency.<\/p>\n\n\n\n

THE TWIST<\/strong><\/p>\n\n\n\n

Everything was ready, auctioneer, people in the room and the atmosphere was hot: everyone was sure that the sale of the 104 NFT CryptoPunks would happen, but as in the best stories here is the twist that comes via Twitter.<\/p>\n\n\n\n

The mysterious and anonymous collector 0x650d, owner of the NFTs, announced in a tweet that he wants to “hold” the NFTs in his possession and in his wallet.<\/p>\n\n\n\n

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nvm, decided to hodl https:\/\/t.co\/WdQ5H7I0fl<\/a><\/p>— 0x650d (@0x650d) February 24, 2022<\/a><\/blockquote>