101 ‘Bored Ape’ NFTs Sell for $24.4 Million

Sotheby’s Bored Ape NFT Auction Closes at $24.4 Million

Apparently, they’re dope enough to be worth obscene amounts of money. The new collection closed well ahead of Sotheby’s initial estimates, which put the apes at anywhere between $15 million to $18 million, tops. Closing the auction at $24,393,000 means that each of these apes sold for roughly $241,500 a pop. Even outside of this particular auction, sales of these bored apes have raked in more than $5 million for Yuga Labs in the past month, according to publicly available records. On the secondary crypto marketplace OpenSea, there are apes going for close to $124,000 right now, with others going for the low low price of just over $109,000.

And those prices are probably going to keep on climbing. Bored Apes are becoming hot commodities among NBA and NFL players, YouTube stars, and at least one musician, Jermaine Dupri. The Apes also snagged a major brand collaboration with Arizona Iced Tea, of all things, last week. Needless to say, the Sotheby’s auction likely won’t be the last multimillion-dollar deal coming for Yuga Labs in the near future.

Leave a Comment