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.

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.

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