Bored Ape NFT sells for $2.7 million, making it the most expensive in Yacht Club collection

• Bored Ape #8585 just sold on OpenSea for $2.7 million.
• This is the third non-fungible token (NFT) from the Bored Ape Yacht Club (BAYC) to sell for more than $1 million in the last 30 days.
• BAYC is currently the fifth most valuable NFT collection in the crypto universe.

Bored Ape #8585 is officially the most expensive non-fungible token (NFT) in the Yacht Club collection. The trippy ape, with a king’s crown, heart sunglasses, and a psychedelic body — basically the ape you want to take with you to Tomorrowland — sold for a whopping $2.7 million on the OpenSea market today.

And, it’s the third Bored Ape to sell for more than $1 million in the last 30 days. The other two contenders are Bored Ape #2087 and Bored Ape #5199. Coincidentally, the former also has psychedelic skin.

Source:OpenSea, NFT Stats
Note: Dates as per Indian Standard Time

The average price of a Bored Ape has nearly doubled since August

The Bored Ape Yacht Club (BAYC) is currently the fifth most valued NFT collection in the crypto universe, with an all-time sales volume of $567 billion.

Until two months ago, the average cost of buying one of BAYC’s NFTs was under $100,00. However, today, that figure stands at $196,000.

What seems to have triggered this jump, is the legacy auction house Sotheby’s wanting a piece of the action. On August 30, it announced that it would be putting 101 Bored Ape’s on sale. The mini-collection sold for a massive $24.4 million on September 11.

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