Christie’s CryptoPunks Exhibition Causes Outrage in NFT Community

It was reported a few hours ago that the lot of 9 CryptoPunks, which were on auction at Christie’s, sold for a whopping $16.96 million USD. It’s a big amount, but not a number that will easily impress the NFT community considering Larva Labs’ latest project, Meebits, made $80 million in the blink of an eye.

A few weeks ago many were celebrating the announcement of Christie’s CryptoPunks auction, but today, only hours after the sale, footage of the exhibition was revealed by NFT collector Gmoney, and the NFT community is not happy with what they saw in the videos on a Twitter thread.

Gmoney was invited to take a tour of the Christie’s gallery in Rockefeller Center, which is where Christie’s showcases art that will be for sale in the next auction. Viewers were told to be on the lookout for the Punks, but little did they know that the Punks would be miniature frames, barely visible, and some even placed close to the floor. Check out the two videos below by Gmoney.

Many are now questioning whether or not Christie’s exhibition was an intentional mockery of the NFT world, and what role they really played in attracting new buyers since the Punks were apparently anyway purchased by an NFT collector. If you read through the thread, the community feels quite insulted and outraged by this poorly curated exhibition with no form or content to put the CryptoPunks into context or attract more bidders.

Whether or not it was intentional, all we know for certain is that Christie’s got more attention and a good commission fee. What do you think? Should traditional art establishments be involved in the NFT space? An NFT by Emily Ratajkowski will go up for auction at Christie’s later this week, so it seems they are here to stay…for now.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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