Stay in the know about what's happening in collectibles, NFTs, culture, and investing.
• Several “blue-chip” video games went up for auction at Heritage last week; many collectors and investors were closely watching this auction as a bellwether for the space. While results varied by game, overall, prices cooled from their highs over the summer.
• Fun Fact: While this most recent auction was a disappointment for those wishing the video game market to continue its pace upward, it’s worth pointing out that the auction still had ten sales achieve prices of at least $156k, which until eight months ago was the all-time high for any video game sale.
• Some collectors believe that a signed basketball card of the Slovene star that sold for $4.6 million was not written by him, but by his mother.
• The doubts have been circulating for a while, but there’s almost no way to prove who signed an autograph, especially as it’s not uncommon for players to change their autograph.
• Fun Fact: If the accusations are true, it wouldn’t be the first time a sports card had a fake autograph. In 2017, Panini recalled a number of Takkarist McKinley cards that had been signed by someone else.
• Founding Ape members Gordon Goner, Gargamel, No Sass, and Emperor Tomato Ketchup were all working day jobs last year before they became multi-millionaires for their collection of over 10,000 Bored Ape NFTs.
• Their success isn’t just because of the art — it's also about the community. Bored Ape tokens give owners access to a virtual art club, complete with a graffiti bathroom.
• Fun Fact: Bored Ape #8585 became the most expensive BAYC NFT when it sold for $2.7 million on October 20.
• This week in the Otis Discord, we’re talking about: Invincible comics, Air Jordan 1s, and more — join the conversation.
• CryptoPunk #9998 sold for half a billion… until it didn’t. The owner appears to have bought the NFT themself with borrowed funds, then paid the loan back. Meanwhile, someone may have mistakenly sold a punk for way less than they should have. Cryptopunk #543 is trading on Otis at a market cap of $563,925 as of trading close 11/4 and Cryptopunk #2142 will be opening for trading soon.
• Rapper Jay-Z was inducted into the Rock & Roll Hall of Fame, with former president Barack Obama contributing remarks. Otis has a pair of Jay-Z Air Force 1s All Black Everything, which will open for trading on Thursday, November 11th at 10:30am ET.
• Massive Attack auctioned off two pieces of Banksy’s artwork for £140,000 (~$191,000) and donated the proceeds to two UK charities facing budget cuts. Otis’ Banksy, Police Car, 2003 was trading at a market cap of $462,062.50 as of trading close on 11/4.
Three articles on Otis Magazine this week.
First, we demystify Art Blocks and generative art to illuminate why these particular NFTs are so special.
Then, take a look back at everything that happened last month on Otis, from the top risers, asset returns, and more.
Finally, take a farther look back at some video game consoles you may have forgotten about...
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