Sotheby’s Withdraws Lot of 104 CryptoPunks Minutes Before Expected Auction

Sotheby’s Withdraws Lot of 104 CryptoPunks Minutes Before Expected Auction
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Sotheby’s Withdraws Lot of 104 CryptoPunks Minutes Before Expected Auction

NEW YORK — A collection of 104 CryptoPunks expected to be sold for up to $30 million was put on ice Wednesday during a much-anticipated auction at Sotheby’s.

A Sotheby’s representative said that the seller decided to withdraw the lot. Why the action of the rare NFTs was canceled was unclear at press time. The auction was first announced on Feb. 8.

The lot, which Sotheby’s titled “Punk It!,” was first acquired by collector “0x650d” back in July 2021 through a single $7 million transaction.

This is a developing story and will be updated.

Read more: Sotheby’s to Auction 104 CryptoPunks for Estimated $20M-$30M

Sotheby’s Withdraws Lot of 104 CryptoPunks Minutes Before Expected Auction

Sotheby’s was planning to auction 104 CryptoPunks in one fell swoop. (Eli Tan/CoinDesk)

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