Sotheby closes Bored Ape NFT auction with a $6 million premium

Bob Coiney

September 10, 2021

NFTs have been taking over the art world and giving the artists due credits for their efforts and work. Every day there are hundreds of NFTs being sold, but some of them make waves worth mentioning. Among these NFTs, one that has received a lot of interest is 101 Bored Ape Yacht Club (BAYC) NFT, sold by Sotheby. 

The BAYC NFT was closed at the price of $24.4 Million, which was $6 million more than the initially anticipated price. Earlier, the cost of BAYC NFT was estimated somewhere between $12 Million to $18 Million. Still, as the bidding war began, the bids exceeded $19 Million three days prior to the close of the auction. The NFT was ultimately sold at $24,393,000. 

The official BAYC account has some interesting views about the sale as posted by them on Twitter. 

“What a historic moment for the club: the @Sothebys auction of 101 Bored Apes has closed at over $24m. Congratulations and THANK YOU to the whole ape community. To the buyer, I think we speak for everybody when we say: WELCOME TO THE CLUB.”

The NFT collection of Bored Ape Yacht Club includes rare properties such as solid gold, trippy fur, pizza hanging from the mouth, and an unshaved face. All of these characteristics are rare, making the NFT extremely collectible.

About Bored Ape Yacht Club

The Bored Ape Yacht Club has an exquisite collection of over 10,000 unique Bored Ape NFTs. All of the unique NFTs are built on Ethereum Blockchain and doubles, along with Yacht Club membership cards with members-only benefits. These members-only benefits include access to THE BATHROOM, a collaborative graffiti board, and future perks that are to be unlocked by the community. 

Bored Ape Yacht Club was created by Yuga Labs and included 10,000 NFTs randomly generated from over 170 unique properties. Earlier, the price of an APE NFT was 0.08ETH which is now calculated at 40.42 RTH on NFT marketplace Opensea