A rare Bored Ape Yach Club NFT has sold at auction for a record $3.4 million USD.
Bored Ape Yacht Club #8817, one of 10,000 unique cartoon apes on the Ethereum blockchain, sold at Sotheby's Natively Digital 1.2: The Collectors auction on Tuesday. The sale, the first on Sotheby's newly-launched Metaverse digital art platform, was touted as "an NFT with historical significance" due to the collectible's rarity.
"It’s not often that you see a Bored Ape with gold fur come up for sale, and this is the first time Bored Ape Yacht Club #8817 has been made available since it was minted," Sotheby's explained. "Less than 1% of all Bored Apes have the gold fur trait, making it an NFT with historical significance."
#AuctionUpdate #BAYC #8817 sells for a RECORD $3,408,000 USD! This is the first time it has been made available since it was minted. Less than 1% of all Bored Apes have the gold fur trait. From the collection of @j1mmyeth #NativelyDigital pic.twitter.com/HfFTpEOIUh
— Sotheby's Metaverse (@Sothebysverse) October 26, 2021
Previously, the record for the most expensive single Bored Ape NFT purchase stood at 740 Ethereum -- roughly $2.9 million USD at the time -- and was set in September.
In other news, Michael Jordan's game-worn Nike Air Ship sold at auction for $1.47 million USD.
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