$129,000 for “penguins” NFT collection

10 rare tokens from the Pudgy Penguins NFT collection were sold at Sotheby’s for about $129 thousand. The one token price ranged from $5040 to $30240.
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The average price of NFT was $12.9 thousand, while the minimum price of a “penguin” from this series is $1.3 thousand, The Block notes.

The Pudgy Penguins collection was created in 2021. Its popularity increased after its launch, and the transactions volume in the first year exceeded 60 thousand ETH ($78 million), and single sales reached 400 ETH ($520 thousand). However, in 2022, the penguins faced difficulties, and the prices of tokens fell.
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Sotheby’s auction was held from November 18 to 30, rare specimens were exhibited there, such as Pudgy Penguins #505 depicting a penguin in a sombrero (starting price $4.5 thousand) and Pudgy Penguins #8074 depicting a penguin with a baby penguin (starting price $7.5 thousand).

Sotheby’s has been offering NFT through auctions since 2021, starting with the digital artist Park’s collection, which grossed $16.8 million among 3,000 buyers. Over the past year, Sotheby’s made over $100 million in NFT sales