News

10 Pudgy Penguins Have Been Sold In An Auction Held By Sotheby’s

Nearly $129,000 was raised via the sale of 10 NFTs from the “Snowed In: A Rare Pudgy Penguins Sale” collection, which featured several rare Pudgy Penguins with characteristics including gold skin and an egg accessory.
10 Pudgy Penguins Have Been Sold In An Auction Held By Sotheby's10 Pudgy Penguins Have Been Sold In An Auction Held By Sotheby's

According to Sotheby’s auction, a colony of rare Pudgy Penguins was completely sold out.

Particularly, Each NFT sold for an average price of $12,900, which was far higher than the collection’s current floor price of $1,300. Sotheby’s stated that the sale amount was exactly in line with the pre-sale estimate. Soulbound tokens will be given to winning bids as proof of participation in the sale.

In 2021, Sotheby’s began selling NFTs through auction, buy-now, and generative drops, with the first sale of NFTs by digital artist Pak occurring in April. From 3,000 customers, one collection alone brought about $16.8 million.

According to Sotheby’s estimate, it sold over $100 million worth of NFT during the course of the previous year. Approximately 78% of the buyers were also new to Sotheby’s, thus its NFT experience has been successful in other respects as well.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Let Kaspa Go? Qubetics Is the Next Big Crypto You Need!

Qubetics’ QubeQode IDE (Integrated Development Environment) is a revolutionary platform designed to simplify blockchain development.

2 hours ago

MicroStrategy Extends Bitcoin Buying for 9th Continuous Week

MicroStrategy Extends Bitcoin acquisitions to a ninth week, showcasing steadfast confidence in cryptocurrency with its…

3 hours ago

Prepare for the 2025 Altcoin Season with These 3 Coins

Altcoin season usually brings more activity since many coins gather exceeding expectations and offer chances…

3 hours ago

MEXC Expands OTC Services with Euro Fiat Trading, Enhancing Accessibility for European Users 

MEXC, a global leader in cryptocurrency trading platforms, has launched euro (EUR) support for its…

5 hours ago

Solv Protocol Launches Megadrop 2025 with 4.7M Token Rewards

Solv Protocol’s Megadrop launch, scheduled for January 7, 2025, allows participants to earn up to 4.7…

7 hours ago

With $8.7M Raised, Qubetics Joins Filecoin’s Decentralised Storage and Cosmos’ Blockchain Connectivity as the Must-Have Cryptos for This Weekend

Discover how Qubetics, Filecoin, and Cosmos are reshaping blockchain with innovation, tokenisation, and connectivity. The…

8 hours ago