Hey guys,
I´ve just got the ultimate offer to purchase one of only ever produced Cryptopunks.
There were only 12 punks produced as a first release. On 16th November 2018, a group of 9 punks had been hanging on the wall at the gallery’s big opening. The second release with 12 more Punks followed in 2019.
To attach the digital ownership of a CryptoPunk to a physical print using something called a “Paper Wallet.” This means they sealed a long passphrase inside a physical envelope, then sealed the back with a custom wax seal to protect the contents. Every seal has the face of the punk, corresponding to the unique work. The long passphrase inside the envelope is the key to accessing digital ownership of this punk on the Ethereum blockchain. As long as the wax seal on the envelope is unbroken, you can be sure that the digital version of the art is still attached to the physical print in your possession. You, as a collector, are then free to buy or sell the physical print and envelope as a proxy for the digital edition.
For Sale :
CryptoPunk #8773 from the first release in 2018!
Price asked : $1,7 Million
- Rarity/types. If we look at the recent sale of 3 punks and the rarity/price ratio, this is what we have:
· Alien – 9 in total, one available at the average price 605 ETH (
· Ape - 24 in total and two available at the average price 530 ETH.
· Zombie – 88 in total, four available at the average price 106 ETH
· ‘Ultimate’ punks – 24 in total and has 2 in 1 component, so if we take ‘Apes’ as a reference – the price shall be min. Around 530 ETH?
Uniqueness. All 24 punks have a unique factor that NONE
of 10,000 has, as they come with the exceptional fine art print signed by the artist. This factor, in the traditional art world, adds a coefficient of a minimum of x10 times.The scarcity. 10,000/24 is enormous proportion, and literally, one work relates to another, so we can say- two works in one: physical and potentially digital (once you unfold the envelope to access the key). Another part that we see female punks are more scarce than male ones. Let’s try to break the stereotype that the male ones should sell for more. Let’s not be sexists and be rational when it comes to valuation. 10/24 are female punks. 2 female punks have 4-3 unique features (hair, cigarette, lips, eyes colour etc.), so feel free to make an obvious choice.
Furthermore, in its original incarnation, the punk subculture originated out of working-class angst and the frustrations many youths felt about economic inequality and the bourgeois hypocrisy and neglect of working people and their struggles. It was primarily concerned with mutual aid, egalitarianism, humanitarianism, anti-authoritarianism, anti-consumerism, anti-corporatism, anti-racism, anti-sexism, gender equality, racial equality, health rights, civil rights, animal rights and more. So gender/racial equality plays a significant role when you acquire one punk.
Provenance. This is probably one of the most important one. You receive 150% of a great provenance for both physical & digital.
Pioneers. You can relate to the history of how cryptopunks inspired crypto art and more exhibitions of such kind where we challenged the question of the connection between digital ownership and physical representation. ‘Ultimate’ punks provide a solution for digital rarity and ownership both online and offline.
If I combine all 5 points above and give the roughest conservative valuation of using the example of the most affordable punk from the above ranking list, that would be the following: 37 000 USD x 10 x 1.5 x 2 = 1 110 000 USD.
