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 Ethereumblockchain, 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.”
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.
At Sotheby’s “Icons of Excellence & Haute Luxury” auction, organized in connection with MGM Resorts at the ARIA Resort & Casino in Las Vegas, Michael Jordan‘s earliest known regular-season game-worn Nike (NYSE:NKE -0.51%) sneakers were sold for a record-setting price.
Leading the multicategory luxury sale featuring jewelry, watches, collector’s cars, sneakers, designer handbags and more, the pair of autographed Nike Air Shipsneakers sold for $1.472 million USD cementing them as a legendary piece of basketball and sports history. The sale establishes a new world record the highest price achieved for a pair of sneakers at auction and becoming the first pair of sneakers to sell for more than $1 million USD at auction. The sneakers worn by MJ during his fifth NBA game in his rookie season on November 1, 1984, were acquired by avid trading card collector Nick Fiorella.
Michael Jordan’s game-worn Nike Air Ships are now the second most valuable pair of sneakers ever, following Sotheby’s record-breaking sale in April of Kanye West’s “Grammy Worn” Nike Air Yeezy 1 Prototypes from 2008, which fetched $1.8 million USD at a private sale.
“To present such a groundbreaking and important pair of sneakers at this special auction in Las Vegas further solidifies the strength and broad reach of the sneaker collecting community. This record-breaking result for the Jordan Nike Air Ships affirms the place of Michael Jordan and the Air Jordan franchise at the pinnacle of the sneaker market. Since launching sneaker sales at Sotheby’s in 2019, we’ve seen time and again the ceiling for sneakers continue to be pushed, and we are excited about all the potential ahead of us,” said Brahm Wachter, Head of Sotheby’s Streetwear and Modern Collectables.
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