Next month in New York, the popular auction house Christieâ€™s plans to auction a rare lot of Cryptopunk non-fungible token (NFT) collectibles. The sample of work sold will be approximately nine rare Punks, courtesy of the projectâ€™s creators Larva Labs.
Nine Rare Cryptopunks Going to Auction
On May 13, 2021, the British auction house founded in 1766 by James Christie plans to auction nine one-of-a-kind NFTs from the Cryptopunk project. Christieâ€™s said it will be the first of a kind occasion of â€œgroundbreaking work offered at a traditional auction house.â€ The single lot of nine Punks stems from the NFTs creators Larva Labs.
â€œThe Cryptopunks are the alpha and omega of the [cypto art] movement,â€ Noah Davis, a specialist in Post-War & Contemporary Art at Christieâ€™s, New York said during the announcement. â€œThis is a historic sale,â€ Davis added.
Several Worlds Into a Single Project- Cryptopunks Inspired the NFT Space
The Cryptopunks project came from the minds of Matt Hall and John Watkinson back in 2017. The New York-based firm they started, Larva Labs, has since created thousands of NFT characters. The team launched Cryptopunks on June 23, 2017, and they consist of pixelated 8-bit 24Ã—24 pictures of Punks. There are approximately 10,000 Punks today and some have already sold for hundreds of thousands of dollars.
Christieâ€™s auction house says it will be auctioning Punk # 2, 30, 58, 532, 602, 603, 635, and 757. Additionally, a â€œrare alienâ€ collectible will be sold during the May 13 auction as well. Cryptopunk 635, is one of only nine alien Punks and the only one with a sub-1,000 series number. Christieâ€™s says that Punks 532 and 602 are inspired by the â€™70s London punk scene.
â€œCryptopunks inspired a community of collectors and connoisseurs,â€ Christieâ€™s announcement details. â€œFor fans of collectibles, itâ€™s clearly a version of trading cards or something similar. However, generative art fans see it as an interesting example in that category. We like that its perception is flexible and brings together several of these worlds into a single project,â€ the auction house announcement adds.
What do you think about the nine Cryptopunks being sold at the British auction house Christieâ€™s next month? Let us know what you think about this subject in the comments section below.
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