Sotheby’s sold 101 Bored Ape Yacht Club (BAYC) NFTs for $24.4 million – more than $6 million more than initially expected.
The estimated price range for the BAYC NFTs was $12 million to $18 million. Three days before the end of the auction, bids exceeded $19 million and ended up exceeding their high-end estimates at $24.393 million.
“This is a historic moment for the club: 101 Bored Apes at @Sotheby’s sold for over $24 million. Congratulations and thank you to the entire ape community. To the buyer, I think we can speak for everyone when we say. Welcome to the club,” the official BAYC account tweeted on Thursday.
The 101 BAYC collection includes apes with rare attributes such as solid gold or triple pelts, unshaven faces, and pizza hanging from their mouths.
BAYC was originally created by startup Yuga Labs and involves 10,000 NFTs, randomly generated from more than 170 unique attributes. An ape was priced at 0.08 ETH when it first launched, but now has a floor price of 40.42 ETH on the NFT marketplace OpenSea.
Interest in BAYC gained traction in August 2021, reaching an all-time high of $132.14 million in trading volume on August 22.