NFT Auction for 101 Bored Ape at Sotheby’s Pulls Over $24 Million

As per the latest reports, the collection for the 101 Bored Ape Yacht (BACY) has managed to pull some very high auction figures at Sotheby’s Auction House. The 101 Bored Ape Yacht Club is the creation of Yuga Lab that has come up with a phenomenal collection that is selling for very high prices.

According to reports, the particular collection has managed to hit very high figures that have reportedly exceeded bid prices over $24.39 million. The reports show that the auction for the particular NFTs was held through Sotheby’s Auction House. The auction had reportedly ended on Friday, September 10, 2021.

Prior to the auction launch of the particular NFT collection, Sotheby’s Auction House had made an estimation around collections from auctions. According to Sotheby’s Auction House, a figure between $12 million and $18 million, were expected to be raised from the auctions.

However, the actual auction results brought in more sales figures than the expected amounts at a price over $24 million.

Sotheby’s Auction House also revealed that at the auction, a total of 107 NFTs were going to get sold. Three NFTs were for M2 “Mutant Serum”, three for M1 “Mutant Serum”, and 101 NFTs for “Bored Apes”. The unique thing about the M1 and M2 Mutant Serum NFTs is that they can be combined with the Bored Apes NFTs. When they are combined, the users are able to create a new form of NFT, which is the Mutant Ape NFT.

The most interesting part of the newly created NFT is that it gets to keep all the traits that the original Ape NFT has. However, all these traits are depicted in the form of the Mutant Ape NFT.

The majority of the time, the serum NFTs are either airdropped or are given as a reward to users for purchasing NFTs. Surprisingly, each NFT for the Bored Ape was sold almost at a price of $241,000 per NFT. In other words, each bored NFT was priced roughly around 69.4 Ether (ETH).

Prior to the auction of the Bored Ape NFTs’ collection at the Sotheby’s Auction House, the price of the particular NFTs was much less. The data shows that in the secondary market such as OpenSea, the price of the Bored Ape NFT was around $135,000. At the time of writing, the particular figure translates to 38.99 ETH.

In addition to the Bored Ape collection, a 101 NFT collection was also auctioned off by the Yuga Labs. The 101 NFT collection is not the primary NFTs created by Yuga Labs. Instead, these are considered as the secondary NFTs and are dubbed “Bored Ape Kennel Club”.

The auction for the secondary NFTs also concluded on the same, which brought in a total of $1.83 million from the auction. This figure was generated from the sales of 101 side project NFTs, where each NFT was sold at an average price of $18,150.