Sotheby’s is auctioning eight curated NBA Top Shot NFTs featuring rookie highlights from players like Jaylen Wells and Kyshawn George, with prices ranging from $500 to $3,000. The auction, which runs until January 21, 2025, aims to reignite interest in the NFT market amid a gradual recovery, despite recent sales struggles. This strategic move highlights the potential future value of rookie NFTs as traditional art institutions embrace digital assets.
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0 posts last weekSotheby’s Auctions NBA Top Shot NFTs Amid NFT Market Resurgence
Sotheby’s is auctioning eight NBA Top Shot NFTs, valued between $500 and $3,000 each, as part of its NBA memorabilia sale, with bidding open until January 21. This comes amid a modest resurgence in the NFT market, despite NBA Top Shot’s significant decline from its peak sales of $226 million in February 2021 to under $2 million last month. Additionally, Dapper Labs has settled a class action lawsuit related to Top Shot NFTs for $4 million.
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