Sotheby’s ‘Gold Fur’ Bore Monkey NFT Auction Rekindles Art World Interest

A collection of board-up yacht club-centric Ethereum NFTs from Yuga Labs is set to be auctioned at Sotheby's on June 18, a white-glove example of the staying power of monkey-themed assets in the fine art community.

The collectible lot includes a NFT Profile Figure (PFP) from Board Up Yacht Club adorned with a leather work vest and a “sushi chef's head.” known as Monkey #8552one of NFT's main selling points is her former, now bankrupt husband – apart from the monkey's solid-gold hair.

Asset owned by Three Arrows Capital (3AC) Once the crypto hedge fund is wiped out amid widespread market turmoil in 2022, NFT will come alongside other pieces of digital art. Two gold blown NFTs from Yuga's Mutant Up Yacht Club collection and Yuga's Bored Up Kennel Club line featuring a dog figure.

NFTs from profile picture sets typically include different, random features. In addition to the collected provenance, they can have an outsized impact on NFT value.

The cheapest monkey species listed for sale on the secondary market, for example, costs about $48,000 per person today, he said. NFT price floor. But only 46 out of 10,000 monkeys were produced with golden fur, and the last one was sold in March for $933,000 or 247 ETH.

Chain sale monitored by NFT marketplace OpenSea, nine of the top 12 best-selling bored monkeys are golden-haired monkeys. And the character has used three before. In the year In 2021, the art house facilitated the record setting. 3.4 million dollars in sales Featuring Bord's monkey gold hair.

Referring to the year Yuga Labs released the Bored Monkey line, Sotheby's head of digital art and NFTs, Michael Buhana, described the Bored Monkey on Twitter as a “2021 artifact.”

Meanwhile, an NFT researcher who goes by the name Punk9059 on Twitter Bright 3 The price AC initially paid for the assets. By collecting Monkey and Kennel Club NFTs in July 2021, 3AC claims to have managed to cough up 106 ETH, at today's price of $401,000.

In the year As the spinoff collection launches in August 2021, Mutant Apes can be spawned using “They change late.” Tokens are issued to existing owners of the Bored Monkey collection. Bored ape owners had to either “modify” an existing ape or buy one of the 10,000 additional mutant apes released by Yuga in a public sale.

While the extremely rare Boring Monkeys can still fetch high prices, the prices of the most common after Monkeys have dropped significantly. High low price About $430,000 in April 2022. Last year, that figure, known as the price floor, dropped from $84,250 (46 ETH) to $47,500 (12.6 ETH) during Ethereum's own upward spiral.

Works owned by the previously mentioned 3AC had been sold by liquidators to cover debts at Sotheby's. A year ago, the masterpiece known as “The Goose” appeared in Ringers #879 6.2 million dollars in salesIncluding auction house fees.

Decrypt reached out to Bouhanna and other Sotheby's representatives for more details about the planned Bored Monkey auction, but did not immediately receive a response.

Edited by Andrew Hayward.