CryptoPunk Leads Sotheby's, Online $613,700 '{R(Evolutionaries);} Digital Art Through The Decade' Auction
3 min read · 25 Mar 2024
CryptoPunk #6669 by Larva Labs sold for $177,800. Image courtesy of Sotheby's, Online
A CryptoPunk by Larva Labs was the headline sale at Sotheby's, Online '{R(Evolutionaries);} Digital Art Through The Decade' auction on March 22.
- The sale totaled $613,700, exceeding the pre-sale high estimate.
Snapshot of the sale
- 20 works sold totaling $613,700.
- Estimates totaled: $195,000 (low) and $294,000 (high), excluding premiums.
- The sell-through rate was 95% of the original 21 lots announced.
The star lot was: Larva Labs, CryptoPunk #6669 (2017), which sold for $177,800, 100% above its $80,000 low estimate. It has been traded 5 times in the past.
The outperformer sold for 1400% above its low estimate. Claire Silver, shapeshifter (2021), sold for $61,000 ($4,000 low estimate). It has been traded 4 times in the past.
Breakdown of results against auction house estimates that are disclosed
- 15 works, or 75%, sold above their high estimate.
- 2 works, or 10%, sold within their low and high estimate.
- 3 works, or 15%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
1 work was bought-in: Primavera de Filippi, 'Bespoke Seedling of an Imagined Future' from Plantoid 15 (2024), estimated at $7,000 (low) to $10,000 (high).
Withdrawn before the sale
0 works were withdrawn
Terms and definitions
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.
