GITNUX REPORT 2024

Most Expensive NFT Art Sales Reach Record Highs in 2021

Exploring the Astronomical Prices of NFT Art: Decrypting the $91.8 Million The Merge Sale

Author: Jannik Lindner

First published: 7/17/2024

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'The First 5000 Days' by Beeple had 33 active bidders

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'The Merge' by Pak had 28,983 buyers

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'Everydays: The First 5000 Days' had 22 million visitors to its auction page

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'Clock' by Pak and Julian Assange sold for $52.7 million

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'Save Thousands of Lives' by Noora Health sold for $4.5 million

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'Ocean Front' by Beeple sold for $6 million

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'Stay Free' by Edward Snowden sold for $5.4 million

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'Save the Pandas' NFT by Shavonne Wong sold for $224,000

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CryptoPunk #7523 sold for $11.75 million

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The average sale price of a CryptoPunk in 2021 was $207,000

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CryptoPunk #7804 sold for $7.57 million

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The floor price for CryptoPunks reached $100,000 in August 2021

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CryptoPunk #3100 sold for $7.58 million

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'CryptoPunk #7804' was sold for 4,200 ETH in March 2021

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'Alien' CryptoPunks have an average value of over $7 million

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'Cryptograph #7804' was the most expensive CryptoPunk sold in 2021

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'CryptoPunk #5217' sold for $5.45 million

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'CryptoPunk #2338' sold for $4.37 million

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'CryptoPunk #4156' sold for $10.26 million

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'Alien Cryptopunk #7523' sold for $11.75 million at Sotheby's

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'CryptoPunk #5822' sold for $23.7 million

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'CryptoPunk #7252' sold for $5.33 million

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The most expensive Axie Infinity NFT sold for 300 ETH

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The most expensive CryptoKitty sold for 600 ETH

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The most expensive Art Blocks NFT sold for $7.1 million

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The most expensive Fidenza NFT sold for $3.3 million

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The most expensive Chromie Squiggle sold for $2.44 million

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The average sale price of an Autoglyphs NFT was $176,000 in 2021

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'Ringers #109' by Dmitri Cherniak sold for $7.1 million

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'This Changed Everything' by Sir Tim Berners-Lee sold for $5.4 million

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'Quantum' by Kevin McCoy, the first-ever NFT, sold for $1.4 million

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'The First Tweet' by Jack Dorsey sold for $2.9 million

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The 'Right-Click and Save As Guy' NFT sold for $7.09 million

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The 'Doge' meme NFT sold for $4 million

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The 'Charlie Bit My Finger' video NFT sold for $760,000

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The 'Nyan Cat' meme NFT sold for $590,000

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'EtherRock #41' sold for $1.7 million

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'The Pixel' by Pak sold for $1.36 million

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The 'Disaster Girl' meme NFT sold for $500,000

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The 'Leave Me Alone' meme NFT sold for $27,000

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Larva Labs' 'Meebits' collection generated $80 million in initial sales

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Bored Ape Yacht Club's 'Mutant Ape' collection raised $96 million

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The most expensive Bored Ape NFT sold for $3.4 million

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The average price of a Bored Ape NFT in 2021 was $152,000

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The average sale price of a Meebits NFT was $14,700 on launch day

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The average sale price of a World of Women NFT was $32,000 in 2021

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'The Fungible Collection' by Pak generated $17 million in sales

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The average sale price of a Cool Cat NFT was $21,000 in 2021

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The average sale price of a VeeFriends NFT was $50,000 in 2021

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The average sale price of a Pudgy Penguins NFT was $17,000 in 2021

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The average sale price of a Lazy Lions NFT was $6,000 in 2021

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Beeple's 'Human One' sculpture and NFT sold for $28.9 million

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'Replicator' by Mad Dog Jones sold for $4.1 million

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'REPLICATOR' by Mad Dog Jones generates new NFTs over time

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'The Merge' by Pak sold for $91.8 million

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Beeple's 'Everydays: The First 5000 Days' sold for $69.3 million

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'Crossroad' by Beeple sold for $6.6 million on Nifty Gateway

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'The First Supper' by XCOPY sold for $5.5 million

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'The Bitcoin Angel' by Trevor Jones sold for $3.2 million

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'Crossroad #1' by Beeple sold for $6.6 million on secondary market

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'XCOPY's 'A Coin for the Ferryman' sold for $6 million

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The most expensive Decentraland virtual land plot sold for $2.4 million

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The most expensive Sandbox virtual land plot sold for $4.3 million

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The most expensive Somnium Space virtual land plot sold for $500,000

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Summary

  • 'The Merge' by Pak sold for $91.8 million
  • Beeple's 'Everydays: The First 5000 Days' sold for $69.3 million
  • CryptoPunk #7523 sold for $11.75 million
  • Beeple's 'Human One' sculpture and NFT sold for $28.9 million
  • 'Clock' by Pak and Julian Assange sold for $52.7 million
  • Larva Labs' 'Meebits' collection generated $80 million in initial sales
  • Bored Ape Yacht Club's 'Mutant Ape' collection raised $96 million
  • The average sale price of a CryptoPunk in 2021 was $207,000
  • The most expensive Bored Ape NFT sold for $3.4 million
  • 'The First 5000 Days' by Beeple had 33 active bidders
  • 'The Merge' by Pak had 28,983 buyers
  • CryptoPunk #7804 sold for $7.57 million
  • The average price of a Bored Ape NFT in 2021 was $152,000
  • 'Crossroad' by Beeple sold for $6.6 million on Nifty Gateway
  • The floor price for CryptoPunks reached $100,000 in August 2021

In a world where pixels fetch higher prices than Picassos and JPGs outshine oil paintings, the insatiable frenzy for NFT art hits record-breaking heights. From Beeples multimillion-dollar masterpieces to Paks mind-boggling Merge sensation selling for a whopping $91.8 million, the virtual art realm proves that the price tag isnt just for the physical canvas anymore. With Larva Labs Meebits setting wallets on fire and the Bored Ape Yacht Clubs Mutant Ape collection sailing past the $96 million mark, it seems the digital art revolution is bringing a whole new meaning to putting a price on creativity.

Auction Dynamics

  • 'The First 5000 Days' by Beeple had 33 active bidders
  • 'The Merge' by Pak had 28,983 buyers
  • 'Everydays: The First 5000 Days' had 22 million visitors to its auction page

Interpretation

In a world where pixels are the new canvas for million-dollar masterpieces, the numbers paint a fascinating picture of the NFT art market. While Beeple's 'The First 5000 Days' attracted a modest 33 active bidders, Pak's 'The Merge' proved to be the ultimate crowd-pleaser with a staggering 28,983 buyers clamoring for a piece of the digital pie. Meanwhile, 'Everydays: The First 5000 Days' had art aficionados clicking their way to the tune of 22 million visitors, proving that even in the virtual realm, the allure of art remains as captivating as ever.

Cause-Related NFTs

  • 'Clock' by Pak and Julian Assange sold for $52.7 million
  • 'Save Thousands of Lives' by Noora Health sold for $4.5 million
  • 'Ocean Front' by Beeple sold for $6 million
  • 'Stay Free' by Edward Snowden sold for $5.4 million
  • 'Save the Pandas' NFT by Shavonne Wong sold for $224,000

Interpretation

In the wild and wonderful world of NFT art, the prices are as diverse as the creations themselves. From the mesmerizing collaboration of Pak and Julian Assange's "Clock" fetching a staggering $52.7 million to the more modestly priced yet impactful pieces like Noora Health's "Save Thousands of Lives" at $4.5 million, the market proves that artistry knows no bounds. Even in the digital landscape, the gravity of messages such as Edward Snowden's "Stay Free" selling for $5.4 million or the whimsical charm of Shavonne Wong's "Save the Pandas" fetching $224,000 highlight the power of art to captivate hearts and wallets alike. As Beeple's "Ocean Front" sails through the waves of market trends at $6 million, one can't help but wonder if in this pixelated universe, the worth of art lies not just in its aesthetics, but in the stories it tells and the causes it champions.

CryptoPunks

  • CryptoPunk #7523 sold for $11.75 million
  • The average sale price of a CryptoPunk in 2021 was $207,000
  • CryptoPunk #7804 sold for $7.57 million
  • The floor price for CryptoPunks reached $100,000 in August 2021
  • CryptoPunk #3100 sold for $7.58 million
  • 'CryptoPunk #7804' was sold for 4,200 ETH in March 2021
  • 'Alien' CryptoPunks have an average value of over $7 million
  • 'Cryptograph #7804' was the most expensive CryptoPunk sold in 2021
  • 'CryptoPunk #5217' sold for $5.45 million
  • 'CryptoPunk #2338' sold for $4.37 million
  • 'CryptoPunk #4156' sold for $10.26 million
  • 'Alien Cryptopunk #7523' sold for $11.75 million at Sotheby's
  • 'CryptoPunk #5822' sold for $23.7 million
  • 'CryptoPunk #7252' sold for $5.33 million

Interpretation

In a world where digital art is valued more than Monet and Picasso combined, CryptoPunks are leading the charge with jaw-dropping price tags that make traditional art collectors do a double-take. With sales reaching tens of millions for pixelated avatars, it seems the future of art investment is not in stone, canvas, or bronze, but in lines of code and blockchain technology. Who knew that the key to unlocking the vault of wealth lay in owning a virtual collectible with a funky haircut? Welcome to the new era of art appreciation, where the only limit is the size of your Ethereum wallet.

Gaming NFTs

  • The most expensive Axie Infinity NFT sold for 300 ETH
  • The most expensive CryptoKitty sold for 600 ETH

Interpretation

In the wild world of digital art, the price tags attached to virtual masterpieces are enough to make any traditional art collector gasp. With a single Axie Infinity NFT fetching a cool 300 ETH and a CryptoKitty breaking the bank at 600 ETH, it's clear that the future of art ownership is firmly planted in the realm of pixels and blockchain. Who needs a stuffy old canvas when you can have a CryptoKitty purring in your digital wallet? It's a brave new world out there, where art is no longer confined to galleries but resides in the limitless expanse of the internet, waiting to be bought, sold, and admired in the ever-evolving landscape of the metaverse.

Generative Art NFTs

  • The most expensive Art Blocks NFT sold for $7.1 million
  • The most expensive Fidenza NFT sold for $3.3 million
  • The most expensive Chromie Squiggle sold for $2.44 million
  • The average sale price of an Autoglyphs NFT was $176,000 in 2021
  • 'Ringers #109' by Dmitri Cherniak sold for $7.1 million

Interpretation

In the wild and wonderful world of NFT art, where pixels are the new palettes and blockchain is the new canvas, price tags come with as many zeros as there are digital brushstrokes. From the eye-watering $7.1 million commanded by the mesmerizing 'Ringers #109' to the fetching $176,000 average sale price of Autoglyphs, it's clear that art lovers and digital collectors alike are willing to pay top dollar for a piece of the virtual art pie. In this capricious dance of data and dollars, it seems that the value of digital creativity knows no bounds – proving that the art market, much like technology, is ever-evolving and ever-surprising.

Historical NFTs

  • 'This Changed Everything' by Sir Tim Berners-Lee sold for $5.4 million
  • 'Quantum' by Kevin McCoy, the first-ever NFT, sold for $1.4 million
  • 'The First Tweet' by Jack Dorsey sold for $2.9 million

Interpretation

In a world where digital art reigns supreme and the line between the physical and virtual blurs, NFTs are rewriting the rules of the art market. With Sir Tim Berners-Lee's "This Changed Everything" fetching a cool $5.4 million, it seems the world wide web pioneer is changing the game once again. Meanwhile, Kevin McCoy's 'Quantum' and Jack Dorsey's 'The First Tweet' prove that even the most ephemeral moments and creations can hold immense value in the eyes of collectors. As the art world braces for the new wave of innovation and creativity, one thing is clear: the future of art may just be a click away.

Meme-Based NFTs

  • The 'Right-Click and Save As Guy' NFT sold for $7.09 million
  • The 'Doge' meme NFT sold for $4 million
  • The 'Charlie Bit My Finger' video NFT sold for $760,000
  • The 'Nyan Cat' meme NFT sold for $590,000
  • 'EtherRock #41' sold for $1.7 million
  • 'The Pixel' by Pak sold for $1.36 million
  • The 'Disaster Girl' meme NFT sold for $500,000
  • The 'Leave Me Alone' meme NFT sold for $27,000

Interpretation

In a digital age where a single 'right-click and save' action can put you in a multimillionaire position, it seems like the internet has become the modern-day gold rush, with NFTs serving as the new nuggets. From iconic memes to viral videos, the online realm has become a lucrative art market where the value of pixels knows no bounds. So, next time you see something worth sharing, maybe think twice before simply hitting 'save as' — it could just be the next million-dollar masterpiece in disguise.

NFT Collections

  • Larva Labs' 'Meebits' collection generated $80 million in initial sales
  • Bored Ape Yacht Club's 'Mutant Ape' collection raised $96 million
  • The most expensive Bored Ape NFT sold for $3.4 million
  • The average price of a Bored Ape NFT in 2021 was $152,000
  • The average sale price of a Meebits NFT was $14,700 on launch day
  • The average sale price of a World of Women NFT was $32,000 in 2021
  • 'The Fungible Collection' by Pak generated $17 million in sales
  • The average sale price of a Cool Cat NFT was $21,000 in 2021
  • The average sale price of a VeeFriends NFT was $50,000 in 2021
  • The average sale price of a Pudgy Penguins NFT was $17,000 in 2021
  • The average sale price of a Lazy Lions NFT was $6,000 in 2021

Interpretation

In the world of blockchain art, NFTs have become the Picasso of the digital age, with galleries now existing in the cyber realm where prices soar higher than a rocket ship heading to Mars. Larva Labs' 'Meebits' and Bored Ape Yacht Club's 'Mutant Ape' collections are not just pixels on a screen; they're digital Monets fetching millions in a virtual auction house. As traditional art collectors struggle to wrap their minds around the concept of owning pieces with no physical form, the NFT market is busy minting millionaires faster than you can say 'crypto craze'. So, whether you're a Cryptokitty connoisseur or a blockchain beginner, buckle up and get ready for a wild ride through the digital art rollercoaster of the 21st century.

Physical-Digital Hybrids

  • Beeple's 'Human One' sculpture and NFT sold for $28.9 million
  • 'Replicator' by Mad Dog Jones sold for $4.1 million
  • 'REPLICATOR' by Mad Dog Jones generates new NFTs over time

Interpretation

In the wild world of NFT art, where digital creations can fetch prices higher than a small nation's GDP, Beeple's 'Human One' sculpture raising $28.9 million seems to suggest that our future might indeed be more pixels than pigment. While Mad Dog Jones's 'Replicator' sold for a mere $4.1 million, its ability to birth new NFT offspring hints at a potential revolution in the art market - where the value lies not only in the original piece, but in the endless possibilities it may spawn. Truly, in this digital dawn, the canvas is limitless and the price tags are sky-high. Life as we know it may be just a pixel away from being NFT-worthy.

Record-Breaking Sales

  • 'The Merge' by Pak sold for $91.8 million
  • Beeple's 'Everydays: The First 5000 Days' sold for $69.3 million
  • 'Crossroad' by Beeple sold for $6.6 million on Nifty Gateway
  • 'The First Supper' by XCOPY sold for $5.5 million
  • 'The Bitcoin Angel' by Trevor Jones sold for $3.2 million
  • 'Crossroad #1' by Beeple sold for $6.6 million on secondary market
  • 'XCOPY's 'A Coin for the Ferryman' sold for $6 million

Interpretation

In the world of NFT art, these mind-boggling numbers aren't just a stroke of luck but a testament to the evolving landscape of digital art appreciation. The prices at which these pieces are selling almost make you want to shout, "Eureka, I'm in the wrong business!" However, behind these eye-watering transactions lies a deeper conversation about the intersection of art, technology, and investment. As these digital artworks continue to break records and redefine the traditional art market, it's clear that we're witnessing a paradigm shift in how we value and perceive art in the digital age.

Virtual Real Estate NFTs

  • The most expensive Decentraland virtual land plot sold for $2.4 million
  • The most expensive Sandbox virtual land plot sold for $4.3 million
  • The most expensive Somnium Space virtual land plot sold for $500,000

Interpretation

In a world where pixels hold the promise of prosperity and digital dirt fetches millions, the virtual real estate market is proving to be a playground for the wealthy and the whimsical. As blockchain-based virtual worlds like Decentraland, Sandbox, and Somnium Space continue to redefine the boundaries of ownership and investment, these eye-popping price tags serve as a stark reminder that the concept of value knows no bounds, whether it exists in physical reality or in the infinite expanse of cyberspace. So, if you're in the market for a slice of the metaverse, be prepared to pay a pretty penny – or in this case, a few million.

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