KyleAug 30, 20212 min readSotheby's Released New Details Regarding This Week's BAYC Auction Art auction house, Sotheby's released new information regarding this weeks Bored Ape Yacht Club auctions.Sotheby's will be auctioning off two separate BAYC lots. The first lotwill include 101 bored apes, including three gold fur apes. The Secondlot will include 101 Bored Ape Kennel Club Dogs including a gold furfour-legged friend.“Bored Ape Yacht Club and Bored Ape Kennel Club have paved the way forwhat NFT art communities can be, Sotheby's tweeted. “Whether it’s youronline identity, a shared culture, or you just want to ape in...the@BoredApeYC sale starts September 2. Details here:https://bit.ly/3t08Scf.”Sotheby's estimates that the bored ape lot will sell for $12,000,000-$18,000,000 USD and the BAKC dog lot will sell for$1,5000,000-$2,000,000 USD, according to the auction house’s website.While seven and eight figure price tags for an NFTs that just cameinto existence earlier this year are impressive, many BAYC membersbelieve that these estimated prices’ are to low.“Nice,” BAYC member and high-end ape buyer, TheArtchitech, tweeted.“But estimates are WAY TOO LOW in my opinion...”BAYC member Rushyyy agreed with TheArtchitech and explained histhought process on the value of these lots. “So if this is all one lotand the floor for Apes is 48Eth and for Dogs is 4.5Eth. With thecurrent price of Eth at $3300. 101 Apes + 101 Dogs... The lowest thewhole purchase should go for (assuming floors) is $15.84Mil (apes) +$1.5Mil = $17.34Mil Sounds like a steal!”The Bored Ape Gazette looked into how much these lots may be worth attoday’s floor prices and discovered that Sotheby's price estimationsare lower than the current floor prices, according to Evaluate.Market.The wallet that is holding the 101 apes and 101 dogs are is“0x520edc55cbf109139ec9f9c27db79a1d5d2c8865.” The Bored Ape Gazetteplugged this wallet address into Evaluate Market, which estimated thewallet’s ape value at 46,233.015 Eth or $152,568,950 USD. Evaluate.Market also estimated the value of the BAKC dogs in this wallet at954.1025 or $3,148,538 USD.While Sotheby's’ estimates are below what Evaluate. Market believes theapes are valued at, some BAYC members believe this auction can becompared to buying in bulk.“I think knowing the lot sizes that is to be expected,” BAYC memberJfranchise12 tweeted regarding to Sotheby's estimates. “Sort of like abulk discount for 101 apes instead of say at 60eth per on average -could shake out to be a little lower/ape if that makes sense - 101 isa MASSIVE lot. Bigger than when 3AC scooped 88 punks.”Regardless of price estimations, BAYC members are excited to have apesbeing auctioned at one of the world’s most well-known auction houses.The Bored Ape Gazette will continue to follow this auction and bringyou more information as it becomes available.Be sure to check out a list of all the apes and dogs that Sotheby'swill be auctioning this week below.Apes: https://www.sothebys.com/en/buy/auction/2021/ape-in/101-bored-ape-yacht-clubDogs: https://www.sothebys.com/en/buy/auction/2021/ape-in/101-bored-ape-kennel-club
Art auction house, Sotheby's released new information regarding this weeks Bored Ape Yacht Club auctions.Sotheby's will be auctioning off two separate BAYC lots. The first lotwill include 101 bored apes, including three gold fur apes. The Secondlot will include 101 Bored Ape Kennel Club Dogs including a gold furfour-legged friend.“Bored Ape Yacht Club and Bored Ape Kennel Club have paved the way forwhat NFT art communities can be, Sotheby's tweeted. “Whether it’s youronline identity, a shared culture, or you just want to ape in...the@BoredApeYC sale starts September 2. Details here:https://bit.ly/3t08Scf.”Sotheby's estimates that the bored ape lot will sell for $12,000,000-$18,000,000 USD and the BAKC dog lot will sell for$1,5000,000-$2,000,000 USD, according to the auction house’s website.While seven and eight figure price tags for an NFTs that just cameinto existence earlier this year are impressive, many BAYC membersbelieve that these estimated prices’ are to low.“Nice,” BAYC member and high-end ape buyer, TheArtchitech, tweeted.“But estimates are WAY TOO LOW in my opinion...”BAYC member Rushyyy agreed with TheArtchitech and explained histhought process on the value of these lots. “So if this is all one lotand the floor for Apes is 48Eth and for Dogs is 4.5Eth. With thecurrent price of Eth at $3300. 101 Apes + 101 Dogs... The lowest thewhole purchase should go for (assuming floors) is $15.84Mil (apes) +$1.5Mil = $17.34Mil Sounds like a steal!”The Bored Ape Gazette looked into how much these lots may be worth attoday’s floor prices and discovered that Sotheby's price estimationsare lower than the current floor prices, according to Evaluate.Market.The wallet that is holding the 101 apes and 101 dogs are is“0x520edc55cbf109139ec9f9c27db79a1d5d2c8865.” The Bored Ape Gazetteplugged this wallet address into Evaluate Market, which estimated thewallet’s ape value at 46,233.015 Eth or $152,568,950 USD. Evaluate.Market also estimated the value of the BAKC dogs in this wallet at954.1025 or $3,148,538 USD.While Sotheby's’ estimates are below what Evaluate. Market believes theapes are valued at, some BAYC members believe this auction can becompared to buying in bulk.“I think knowing the lot sizes that is to be expected,” BAYC memberJfranchise12 tweeted regarding to Sotheby's estimates. “Sort of like abulk discount for 101 apes instead of say at 60eth per on average -could shake out to be a little lower/ape if that makes sense - 101 isa MASSIVE lot. Bigger than when 3AC scooped 88 punks.”Regardless of price estimations, BAYC members are excited to have apesbeing auctioned at one of the world’s most well-known auction houses.The Bored Ape Gazette will continue to follow this auction and bringyou more information as it becomes available.Be sure to check out a list of all the apes and dogs that Sotheby'swill be auctioning this week below.Apes: https://www.sothebys.com/en/buy/auction/2021/ape-in/101-bored-ape-yacht-clubDogs: https://www.sothebys.com/en/buy/auction/2021/ape-in/101-bored-ape-kennel-club