SuperRare has fewer buyers, but data shows they are buying more expensive NFTs

The NFT SuperRare marketplace set a new monthly record of $ 31.4 million in total sales, according to Dune Analytics, with a week left through October.

SuperRare is a single instance of the Ethereum (ETH) NFT marketplace where collectors can purchase blockchain titles for digital items such as memes, videos, or works of art.

The previous monthly sales record was $ 29.5 million in March, with 929 active collectors buying 3,179 works of art. The average price for works of art is between 3.0 and 5.5 ethers, or about $ 12,600 to $ 23,000.

Despite higher total sales this month, SuperRare has only half as many collectors actively buying in the market this month as it did in March.

There were 372 active collectors that month who purchased 726 items valued between 9.5 and 12.2 ethers, or about $ 40,000 to $ 51,000.

In short, fewer and fewer collectors are buying fewer and fewer pieces from SuperRare. However, people tend to spend more money on large items.

Continue reading: Buyers are spending $ 7 million to own an unprecedented NFT collection

For example, Starry Night Capital, a $ 100 million NFT collective fund, made up nearly half of SuperRare’s total trading volume as of October. Over the weekend they bought ‘Dankrupt’ from artist XCOPY on SuperRare for 469 ETH or 1.9 million US dollars.

Snoop Dogg also bought a piece of XCOPY in late September for the record value of 1,300 ETH, or $ 3.9 million.

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