Sotheby’s Withdraws CryptoPunks Sale, Leading to Widespread Speculation in Crypto Space

Energy was high at last night’s Sotheby’s auction “Punk It!,” the first evening sale dedicated exclusively to NFTs at the storied auction house. The lot was composed of 104 “CryptoPunks,” a historic and popular PFP NFT collection designed by Larva Labs in 2017. The estimate for the lot was $20 million–$30 million, but in the end, the lot didn’t sell at all. “nvm, decided to hodl,” tweeted its seller, a user who goes by the name 0x650d.