Bored Ape Leads Sotheby's, Online $975,200 'Grails: Property from an Iconic Digital Art Collection Part V' Auction

Yuga Labs Bored Ape Yacht Club #8552 was the headline sale at Sotheby's, Online 'Grails: Property from an Iconic Digital Art Collection Part V' auction on June 25, 2024.

• The sale totaled $975,200, exceeding the pre-sale high estimate.

Snapshot of the sale

• 42 works sold totaling $975,200.
• Estimates totaled: $386,300 (low) and $565,100 (high), excluding premiums.
• The sell-through rate was 100%, so a white-glove sale.

The star lot was: Yuga Labs, Bored Ape Yacht Club #8552 (2021), which sold for $264,000, 150% above its $100,000 low estimate. It has been traded twice in the past.

The outperformer sold for 1400% above its low estimate. no artist, All 10 “Breathing Memento’s” Rare Pepes (Undated), sold for $60,000 ($4,000 low estimate). It has been traded once in the past.

• 38 works, or 90%, sold above their high estimate.
• 3 works, or 7%, sold within their low and high estimate.
• 1 works, or 2%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

0 works were withdrawn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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.