British auction house Sotheby’s has reported its gross sales accumulated from selling NFTs this year. Since April, when it conducted its first NFT auction, Sotheby’s has sold NFTs worth $100 million in cumulative sales, crypto media outlet, The Block reported Wednesday.
In addition, the auction house made a record sale of $7.3 billion this year from several auctions it held this year.
Sotheby’s first sold digital collectibles in April 2021 after auctioning off works by pseudonymous artist Pak, accumulating nearly $17 million from its first NFT sale. After the successful auction, the auction house sold NFTs of various popular artists including the popular collections Bored Ape Yacht Club and CryptoPunks.
In June, it sold the converted NFT of the source code of “World Wide Web (WWW) for $5.3 million. A rare CryptoPunk was auctioned for a whopping $11.8 million, and a Bored Ape was sold for $3.4 million.
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. pic.twitter.com/PDVUSttI3o
— Sotheby's (@Sothebys) June 10, 2021
According to Sotheby’s, more than 78% of NFT bidders were new to Sotheby’s auction, and more than half were under the age of 40. With Sotheby’s growing popularity amongst crypto enthusiasts, the auction house announced a new platform called “Sotheby’s Metaverse”.