Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Saturday, Feb 22, 2025

Christie’s Hong Kong is the First to Auction Profile Pic NFTs

Christie’s Hong Kong is the First to Auction Profile Pic NFTs

The online-only sale features CryptoPunks, Bored Ape Yacht Club, and Meebits NFTs. It will take place in September.

Made popular by celebrities like Jay-Z, profile pic non fungible tokens (PFP NFTs) can be used as a buyer’s profile picture or avatar on social media platforms such as Twitter. Christie’s will be the first to auction PFP NFTs in an online-only sale from September 17th to 28th. During the sale, titled “With No Time Like Present,” buyers will be able to bid on different types of PFP NFTs from multiple series such as CryptoPunks, Bored Ape Yacht Club (BAYC), and Meebits.

CryptoPunks are a collection of 10,000 pixelated faces including humans, zombies, apes, and aliens. LarvaLabs, the developers of CryptoPunks, introduced Meebits as a follow up to the punks. The Meebits are also pixel-based NFTs, but they are rendered in 3D with a full body. An additional asset pack allows owners to drop their Meebits into standard animation software, which makes it possible to use them as avatars in the metaverse, a virtual shared space. Christie’s will be offering a particularly rare Meebit, which depicts a skull wearing a black suit.

CryptoPunks has broken through to the mainstream art market, but Bored Apes and Meebits have had a limited following, primarily among crypto insiders. As labs and creators attempt to distinguish their digital art projects from one another, Bored Apes come with extra perks for buyers including access to a private community of active PFP NFT buyers via Discord and Telegram messaging platforms.

Bored Ape NFTs are unique, created through an algorithm designed by Yugo Labs, which mashes together traits and characteristics like accessories and fur color. Rare traits, such as illustrated lasers coming out of an Ape’s eyes, attract particularly high prices. A party hat–wearing Ape with lasers shooting out of its eyes sold for $653,344 on OpenSea just this week. Christie’s will be offering an Ape with a variety of other rare traits including cheetah print skin, a black suit, and a halo.

Larva Labs, Meebit #6337, 2021


The auction house’s expansion of its NFT-only sales is driven by a desire to cultivate a new generation of buyers. According to a recent press release, 73% of NFT sales registrants are new to Christie’s and skew much younger than the average age of clients in other sales.

Noah Davis, senior digital art specialist at Christie’s, is particularly excited to see how well a Zombie Punk does at the auction. “A Zombie traded last Friday for 1500 ETH [nearly $4.7 million],” Davis wrote in an email. “Christie’s Zombie could beat that price.”

Since Apes and Meebits NFTs are still quite new, Christie’s is labelling them as “estimate unknown.” CryptoPunks, on the other hand, comes to the sale with a more established auction record and will have estimates available closer to the auction date.

Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×