The 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.
Following cocktails and a panel, the crowd mingled while waiting for the auction to begin when it was suddenly announced that the seller had withdrawn the lot. The attendees were welcome to stay, however, and to enjoy the afterparty, which included a performance from DJ Seedphrase.