Sotheby's auction sets new world record for $11.8M CryptoPunk sale

Sotheby's auction sets new world record for $11.8M CryptoPunk sale

Luxury auction house Sotheby’s made waves on social media on Thursday following the sale of one rare CryptoPunk.

In a tweet from Sotheby’s, the auction said CryptoPunk #7523 — also known as “COVID Alien” — sold in its London salesroom for roughly $11.8 million. According to the auction house, this sale represents a new world record for a single CryptoPunk artwork.

CryptoPunks, which predate the bulk of the nonfungible token (NFT) craze in 2021, are often small, pixelated depictions of people, apes, zombies and aliens. Sotheby’s announced the sale of the COVID Alien in late May as a “special, standalone” auction. The artwork features an alien wearing a face mask.

Moments ago in our #London saleroom, an extremely rare “Alien” CryptoPunk #7523 from the collection of @sillytuna sold for $11.8M as part of our #NativelyDigital NFT auction – setting a new world auction record for a single CryptoPunk.

Trending: Massachusetts Man Was Completely Swallowed By A Humpback Whale And Survived!

— Sotheby’s (@Sothebys) June 10, 2021

On-chain data shows that someone purchased the CryptoPunk for

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