Sotheby's Auctioning Of Cryptopunk Rises To Crescendo

There is an evidence that there are still strong interest from buyers over the artwork, as Christie's auction house disclosed that nine Cryptopunks sold for almost $17 million.

As at the time of writing this news, the following information was gathered;

A luxury auction house, Sotheby, made waves on social media on Thursday following the sales of an artwork called Cryptopunk.

It was gathered that the artwork called Cryptopunk was also referred to as COVID Alien, which sold at London Saleroom for approximately $11.8 million as it created an all-time record for a single Cryptopunk artwork.

Cryptopunks which predate the bulk of non-fungible token craze in 2021 are often small pixelated depictions of people,apes, zombies and aliens.

In late May, Sotheby disclosed the sale of the COVID Alien as a special standalone. The artwork is characterized by an alien wearing a face mask.

Reports on the On-chain have it that an individual purchased the Cryptopunk for 8 Ether (ETH) in a public sale in 2017, which is a fraction of the sale price today. In addition, a rough estimate of $17 million was acquired from the sale of the artwork at Christie's auction house, suggesting that there is a strong interest from many buyers for the artwork.

Other important updates from the news include;

Punks were designed as pseudonymous portraits, masks for those crypto pioneers that value the idea of privacy in the modern age.

Across the social networks Avatars, portraits or masks now stand as semiotic reference points to specific internet crypto native identity.

In conclusion, Sillytune, an NFT collector that owns the COVID Alien prior to sale, disclosed earlier to Cointelegraph that he acquired the digital collectible in an over-the-counter deal. Immediately after the sale, he took to Twitter pronouncing that "NFTs are DEAD" and insinuated that he may have already used some of the funds to make another artwork purchase.

What are your thoughts on the new world record obtained by Sotheby auction house?