Christie's to hold first-ever sale of Meebits and Bored Ape Yacht Club NFTs
August 6, 2021, 4:46PM EDT
1 min read
International art auction house Christie’s is set to hold its first auction of Bored Ape Yacht Club (BAYC) and Meebits non-fungible tokens (NFTs), according to a release.
Meebits are the third project from Larva Labs, the creators behind what appears to be the first-ever NFT project released on Ethereum. BAYC, derived from Yuga Labs, has been popular on Twitter and has over 5,000 holders of the 10,000 available NFTs.
The auction begins on September 17 at 2:00 PM HKT (September 18, 2:00 a.m. ET) and ends September 28 at 2:00 p.m. HKT (September 29, 2:00 a.m. ET). A Christie’s spokesperson said that more information about the sale will be released on Monday, August 9. Christie's notes that this is the first NFT sale in Asia, and that it will offer up a group of “exceptionally rare” BAYC and Meebits NFTs.
“This sale is poised to set another milestone in the history of Crypto Art,” Christie’s said in the release.
Christie’s $69 million sale of Beeple’s Everydays: The First 5000 Days in March marked the first time the auction house sold an NFT. Christie’s has since held more NFT auctions, such as nine CryptoPunks in April and NFTS from the artist FEWOCiOUS in July.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
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