Founded in 1744, Sotheby’s auction house set a world record by selling NFT CryptoPunk # 7523, also known as COVID Alien, for 4,520 ETH ($ 11.8 million at the time of the deal). The visually non-fungible token depicts a masked alien.
The previous owner of COVID Alien, nicknamed Sillytuna, acquired it through an over-the-counter transaction. After the auction closed, he tweeted “NFTs are dead.”
CryptoPunks is one of the first NFT collections on the Ethereum blockchain, released by software developer Larva Labs in 2017. Tokens are 8-bit images of 24×24 pixels.
Sotheby’s is one of the world’s oldest auction houses. Together with the Christie’s auction house it occupies about 90% of the world market for auction sales of antiques, art objects, etc. It is the world’s largest auction house (in terms of total sales revenue for 2011).