Christie’s first Asian NFT auction breaks 400 million yuan, a record high

Remember the online auction special “No Time Like Present” that the internationally renowned auction house Christie and Shawn Yue mentioned in the previous article?

Christie's first Asian NFT auction breaks 400 million yuan, a record high

On September 28, “No Time Like Present” officially ended as Asia’s first NFT encrypted art online auction.

And this auction actually wrote the highest amount in the history of all auction houses in Asia, with a transaction volume of HK$121,642,750, which is as much as 292% of the estimate before the auction. The total value of NFT artworks exceeded the US$100 million mark .

In this NFT auction, 14 pieces of NFT artworks were launched in one go, but 100% of them have been sold, attracting more than 16,400 visitors to browse the auction.

Among the 279 registered buyers, more than half of them participated in Christie’s auctions for the first time. Buyers also came to Hong Kong, the United States, Switzerland and Taiwan. This proves that the world of NFT is very attractive globally and has never been involved in auctions. Of people want to make the first try.

And this auction is the focus of the work from Shawn Yue’s collection. It was “CRYPTOPUNK 9997” created by LARVA LABS in 2005. It was sold at HK$33,850,000, which was nearly five times higher than the estimated price of $6,800,000. 

Christie's first Asian NFT auction breaks 400 million yuan, a record high

Another “CRYPTOPUNK 8191”, also created by LARVA LABS, was sold at HK$8,890,000, which was 3.7 times higher than the estimated price of $2,400,000.

The result of this auction of “No Time Like Present” is not only an unforgettable memorial for Shawn Yue’s 40th birthday, but more importantly, part of the auction proceeds will be donated to the Wish Come True Fund to realize the wish of rewriting lives for children suffering from serious illness.

Christie's first Asian NFT auction breaks 400 million yuan, a record high

Christie’s officials were also very surprised and pleasantly surprised by the achievement of such success. He Shanheng, Vice President of the 20th and 21st Century Art Department and Head of Evening Auctions at Christie’s Asia Pacific, said, “Today we are making history again. This important auction is for NFT encrypted artworks and Asian online auctions. It set a new record and witnessed the total turnover of Christie’s global NFT artworks exceeding US$100 million.

Our first NFT encrypted art auction in Asia completes the development of Christie’s global NFT auctions, and we look forward to continuing to maintain a leading position in the NFT encrypted art world in Asia and the world, and opening up a new dialogue. “

Christie's first Asian NFT auction breaks 400 million yuan, a record high

The first auction was so successful. It can be expected that Christie’s will auction more NFTs. Sure enough, today Christie’s announced that it will hold the “20th/21st Century: London Evening Sale” on October 15th. “In, provide a Bored Ape Yacht Club (boring monkey) NFT, and its corresponding M1 and M2 Mutant Ape Yacht Club (mutant monkey) NFT .

Christie's first Asian NFT auction breaks 400 million yuan, a record high

Don’t know what price will be sold?

Very exciting!

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/christies-first-asian-nft-auction-breaks-400-million-yuan-a-record-high/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-09-29 22:20
Next 2021-09-29 22:25

Related articles