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Sotheby's Bored Ape lot surpassed expectations days before auction closes

In another move to get behind the rising trend of NFT, Sotheby’s, another giant in the art auction world, will be auctioning a collection of one of the most popular NFT projects to date. Sotheby’s is auctioning two lots from the Bored Apes Yacht Club

The first lot contains 101 Bored Apes and 3 M1 and 3 M2 mutant serums from the recently launched Mutant Ape Yacht Club. Some of the avatars in the lot include rare features like “solid gold” and “trippy” fur. The winner of this lot will be able to mutate their avatars by using the previously mentioned serum, creating mutant apes that are even more rare and unique.

 The second lot contains 101 Bored Ape Kennel Club NFTs, a series that was airdropped for free to Bored Ape holders. Instead of apes, the NFTs feature dogs with distinguishing features like demon wings and ninja kunai. 

When it was announced, Sotheby’s estimated that the auction will draw an estimated $12 million to $18 million for the first lot and $1,5 million to $2 million for the second. The bid for the lots is held from September 2 to 9, 2021. As of September 7, 2 days before the auction’s closing time, the current bid for the first lot has surpassed expectation, with $19 million, while the second lot is currently at $550,000. 

Similar to the CryptoPunk project, the Bored Apes Yacht Club sells NFT in the form of unique, digital avatars that live on the Etherium blockchain. But beyond the bragging rights of owning a digital avatar, the NFT also serves as a Yacht Club membership card, which grants the holder access to members-only benefits like THE BATHROOM, a collaborative graffiti board. Some notable celebrities have bought a Bored Ape, including NBA star Stephen Curry and YouTuber-turned-boxer, Logan Paul.

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