Sotheby’s sold CryptoPunk “COVID Alien” for $ 11.8 million

World-renowned auction house Sotheby’s sold unique CryptoPunk #7523, also known as COVID Alien, on a trading floor in London for approximately $ 11.8 million.

The auction house said it was a new world record for one piece of CryptoPunk art.

“Moments ago in our London saleroom, an extremely rare “Alien” CryptoPunk #7523 from the collection of @sillytuna sold for $11.8M as part of our NativelyDigital NFT auction – setting a new world auction record for a single CryptoPunk.” tweeted auction house (5:28 PM 06/10/2021)

CryptoPunk appeared much earlier than NFT, which the masses have been passionate about lately. They are often small pixelated images of people, monkeys, zombies, and aliens.

Sotheby’s has organized a “special, separate” auction for the sale of COVID Alien.

Network data shows that in 2017, someone bought CryptoPunk for 8 Ether (ETH) on a public sale. This is a very small fraction of the sale price at Sotheby’s on June 10th.

Notably, in May, New York-based auction house Christie’s sold nine CryptoPunks for nearly $ 17 million. It seems that many buyers are still keenly interested in such pieces of art.

“Punks were created as portraits under a pseudonym, masks for those cryptocurrency pioneers who value the idea of ​​privacy in the modern era,” says a review of the Sotheby’s auction. “Avatars, portraits or masks serve as semiotic landmarks for a particular native identity of the internet cryptocurrency, which is now spreading across social networks, in particular Twitter. Punk is more of a profile picture than a portrait of the person behind the account…”

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