{"id":58332,"date":"2022-02-24T12:26:28","date_gmt":"2022-02-24T10:26:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58332"},"modified":"2025-09-04T16:15:23","modified_gmt":"2025-09-04T13:15:23","slug":"cryptopunk-nft-owner-pulls-sothebys-auction","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cryptopunk-nft-owner-pulls-sothebys-auction\/","title":{"rendered":"CryptoPunk NFT owner pulls Sotheby\u2019s auction"},"content":{"rendered":"<p>An anonymous seller of a batch of 104 CryptoPunks NFTs pulled the lot from Sotheby\u2019s auction at the last moment.<\/p>\n<p>The auctions were<a href=\"https:\/\/u1f987.com\/en\/news\/sothebys-to-auction-104-cryptopunks-nfts\"> scheduled for February 23<\/a>. The auction house expected a sale price of $20-$30 million.<\/p>\n<p>On February 8, announcing the auction, the owner of the collectible assets under the alias 0x650d wrote:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cToday I\u2019m excited to announce my partnership with Sotheby\u2019s to execute the most significant NFT sale of all time.\u201d<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Today, I\u2019m excited to announce my partnership with <a href=\"https:\/\/twitter.com\/Sotheby?ref_src=twsrc%5Etfw\">@Sotheby<\/a>\u2019s to create the highest profile NFT sale of all time. <a href=\"https:\/\/t.co\/woBaWIcrWZ\">https:\/\/t.co\/woBaWIcrWZ<\/a><\/p>\n<p>\u2014 0x650d (@0x650d) <a href=\"https:\/\/twitter.com\/0x650d\/status\/1491095765137391616?ref_src=twsrc%5Etfw\">February 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>But before the sale began, the collector pulled the lot from sale and said:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDon\u2019t take it personally; I decided to hold back.\u201d<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">nvm, decided to hodl <a href=\"https:\/\/t.co\/WdQ5H7I0fl\">https:\/\/t.co\/WdQ5H7I0fl<\/a><\/p>\n<p>\u2014 0x650d (@0x650d) <a href=\"https:\/\/twitter.com\/0x650d\/status\/1496646517003800578?ref_src=twsrc%5Etfw\">February 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He then posted a series of memes, first hinting at reluctance to sell the assets amid price decline. Then 0x650d signaled that by pulling Sotheby\u2019s auction he was bringing CryptoPunks into the mainstream.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"und\" dir=\"ltr\"><a href=\"https:\/\/t.co\/M0l9wvH3T5\">pic.twitter.com\/M0l9wvH3T5<\/a><\/p>\n<p>\u2014 0x650d (@0x650d) <a href=\"https:\/\/twitter.com\/0x650d\/status\/1496663918927925253?ref_src=twsrc%5Etfw\">February 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Part of the community lashed out at his actions.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe last-minute withdrawal of the Punk It auction unfortunately had the opposite effect. A sad day for digital art collectors,\u201d said Compound founder Robert Leshner.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The last-minute withdrawal of the Punk It auction unfortunately had the opposite effect. A sad day for digital art collectors. <a href=\"https:\/\/t.co\/LXGjvBI2ok\">https:\/\/t.co\/LXGjvBI2ok<\/a><\/p>\n<p>\u2014 Robert Leshner (@rleshner) <a href=\"https:\/\/twitter.com\/rleshner\/status\/1496646306126774272?ref_src=twsrc%5Etfw\">February 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>RugRadio founder, under the alias Farokh.eth, wrote that 0x650d had shown all industry participants in a foolish light.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEven the press laughs at your attempts to hide guilt behind dumb memes,\u201d he added.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Bro you suck stop acting like you rugged Sotheby\u2019s lmao you made everyone look stupid. Even the press here is laughing at us because of you stop hiding the guilt behind dumb ass memes.<\/p>\n<p>\u2014 Farokh.eth (\ud83c\udf99, \ud83c\udf99) (@farokh) <a href=\"https:\/\/twitter.com\/farokh\/status\/1496666995445710854?ref_src=twsrc%5Etfw\">February 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>There were those who supported the failed seller. A user <a href=\"https:\/\/twitter.com\/CryptoPunk4052\/status\/1496682005815336960\">wrote<\/a> that the NFT owner had avoided \u201cthe biggest mistake of his life,\u201d since CryptoPunks are \u201cthe Warhol works of the 21st century.\u201d<\/p>\n<p>Digital artist Stuart Semple <a href=\"https:\/\/twitter.com\/stuartsemple\/status\/1496751021845987329\">thought<\/a> it was the right decision not to pay Sotheby\u2019s bloated fees when assets can be sold without intermediaries.<\/p>\n<p>As real reasons for the seller&#8217;s decision not to go ahead with the auction, users cited the fees and perhaps a low expected sale price that did not meet his expectations.<\/p>\n<p>Back in December 2021, NFT CryptoPunk #4156 <a href=\"https:\/\/u1f987.com\/en\/news\/rare-cryptopunk-nft-sells-for-a-record-10-3-million\">was sold for 2500 ETH<\/a> (~$10.26m at the time of the deal).<\/p>\n<p>In February, token #5577 from the collection <a href=\"https:\/\/u1f987.com\/en\/news\/rare-cryptopunk-nft-sold-for-2501-eth\">was acquired for 2501 ETH<\/a> (more than $7.8m). The buyer was presumably Robert Leshner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An anonymous seller of a batch of 104 CryptoPunks NFTs pulled the lot from Sotheby\u2019s auction at the last moment.<\/p>\n","protected":false},"author":1,"featured_media":58333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[526,1432,1213],"class_list":["post-58332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-auction","tag-cryptopunks","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58332"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58332\/revisions"}],"predecessor-version":[{"id":58334,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58332\/revisions\/58334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58333"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}