The new essential element of the NFT world? The apes, apparently. Thursday, the historic Sotheby’s auction house announced than a collection of 101 computer-generated The NFT apes had been sold for a whopping $ 24.4 million. Although it is not the most expensive NFT on the market (this honor is for Beeple $ 69.3 million in sales at Christie’s last March), it still is more than $ 24 million.
The apes mentioned are known as Bored Ape Yacht Club, a collection of 10,000 unique NFTs with boring monkeys, boring monkeys: boring monkeys in party hats, boring monkeys smoking cigarettes, boring monkeys wearing 3D glasses. Yuga Labs, the collective that launched the ape collection earlier this year, explains it each monkey is “unique and is generated by programming from over 170 possible traits,” including his clothes, hats, and boring expressions. And as the club’s website states, “All apes are drugs, but some are rarer than others.”
Apparently, they are drugged enough to be worth it obscene amounts of money. The new collection closed well ahead of Sotheby’s initial estimates, which put the apes between $ 15 million and $ 18 million. Closing the auction at $ 24,393,000 means each of these monkeys sold for approximately $ 241,500 for savings. Even outside of this particular auction, sales of these boring apes have amassed more than $ 5 million for Yuga Labs in the last month, according to publicly available records. In the OpenSea secondary cryptography market, there are the apes are going to look about $ 124,000 right now, with others looking for the low and low price of just over $ 109,000.
And those prices are likely to continue to rise. Boring monkeys are becoming commodities NBA and NFL players, YouTube stars, and at least one musician, Jermaine Dupri. The Apes also got a major brand collaboration with Arizona Iced Tea, of all things, last week. Needless to say, the Sotheby’s auction probably won’t be the last million dollars an agreement for Yuga Labs in the near future.
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