NiftyNoon: Sotheby's GRAILS Auction Excites NFT Art Market
Sales from the Sotheby's GRAILS auction have shown there is demand for certain high end art NFTs (May 22, 2023)
Nifty Thought
While the overall NFT market has softened considerably in recent months, many avid collectors have cited the relative durability of low-supply and low-volume NFT art collections. Although even the floor prices of these collections have steadily declined, there has been relative stability compared to the prices for profile picture NFTs. The recent high sales for grail NFTs such as Fidenza 725 at the Sotheby's GRAILS auction further solidify some level of market demand for high-end NFT art. In the long run, these art pieces seem more likely to hold value as the NFT landscape shifts and evolves.
Highlighted News
At the first Sotheby’s GRAILS auction, Tyler Hobb’s ‘Fidenza #725’ sold for $1,016,000:
https://twitter.com/sothebysverse/status/1659694250215485440?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
New Azuki community page is now up:
https://twitter.com/zagabond/status/1659592639665299456?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Massive overnight seller dumps 350 Doodles and 190 MAYC into Blur bids:
https://twitter.com/punk9059/status/1660272048424493057?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
Art Blocks announces @ArtBlocksEngine launch with @ProhibitionArt on Arbitrum:
https://twitter.com/artblocks_io/status/1659589811693555712?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Tornado Cash governance effectively ceased to exist on 2023/05/20 at 07:25:11 UTC as through a malicious proposal, an attacker granted themselves 1,200,000 votes:
https://twitter.com/samczsun/status/1660012956632104960?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
@FVCKRENDER shares info on FVCK token, which he aspires will become a central component of his art ecosystem:
https://twitter.com/fvckrender/status/1659375861106368513?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
OpenSea will no longer allow unkeyed access to any endpoints starting June 5th:
https://twitter.com/apiopensea/status/1658934876048072710?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Adidas announces all 110 golden tickets got airdropped to the lucky winners:
https://twitter.com/altsbyadidas/status/1659565237383643138?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
OSF (@osf_rekt) shares his take on this year’s NFT bear lifetime opportunities:
https://twitter.com/osf_rekt/status/1660337749151326210?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Sothebys is honoring royalties, at a time when a lot of people and platforms have not been doing so:
https://twitter.com/dmitricherniak/status/1659898781607895040
https://twitter.com/michaelbouhanna/status/1659744231814987776?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
190 Mutant Apes smashed head first into the Blur bid wall for $3.4m:
https://twitter.com/cirrusnft/status/1660247465369690113?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea ETH Daily Volume: 2,354 ETH (▼ 4.51%)
Blur ETH Daily Volume: 13,689 ETH (▲ 69.41%)
BTC: $26870.86 (▼ 0.24%)
ETH: $1815.95 (▲ 0.15%)
MATIC: $0.87 (▼ 0.89%)
SOL: $19.64 (▼ 2.61%)
NFT Daily Winners:
🏳️🌈 Chromie Squiggles: 11.55 ETH (▲ 24.91%)
🧬 Clone X: 3.13 ETH (▲ 8.79%)
🏴☠️ Captainz: 8.37 ETH (▲ 4.61%)
🐈⬛ VeeFriends: 2.23 ETH (▲ 1.59%)
⛩️ Azuki: 14.48 ETH (▲ 0.91%)
🥃 Proof Collective: 6.69 ETH (▲ 0.6%)
🥔 Potatoz: 3.14 ETH (▲ 0.29%)
🦧 Bored Ape Yacht Club: 46.00 ETH (▲ 0.03%)
NFT Daily Losers:
🚬 CryptoPunks: 49.00 ETH (▼ 0.82%)
🦉 Moonbirds: 2.16 ETH (▼ 0.97%)
🧝🏼♀️ DigiDaigaku: 2.95 ETH (▼ 1.67%)
🌈 Doodles: 2.19 ETH (▼ 2.28%)
🐧 Pudgy Penguins: 5.89 ETH (▼ 2.32%)
🧟 Mutant Ape Yacht Club: 9.50 ETH (▼ 4.06%)
Notes:
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