Roundup: What the Heritage video game auction results could mean, and more stories
Moriah Costa

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📰 In the Headlines

Results are in for the Heritage Video Games Signature Auction  

• 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.  

• Alternative assets reporter Adam Katz dives into the results in a two part report, which comprehensively analyzes games on Otis and other fractional platforms.  

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.

Did Luka Doncic really sign a card worth $4.6 million?  

• 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.

Go behind the scenes with the Bored Ape Yacht Club  

• 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.    

🔥 From the Otis Collection

Top Movers (2) (1)

• 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.

🔖 From Otis Magazine

Three articles on Otis Magazine this week.

First, we demystify Art Blocks and generative art to illuminate why these particular NFTs are so special.

Read: Art Blocks: A Beginner’s Guide to the Generative Art Platform

Then, take a look back at everything that happened last month on Otis, from the top risers, asset returns, and more.


Read: October 2021: Month in Review

Finally, take a farther look back at some video game consoles you may have forgotten about...

Read: Flopped: The Biggest Failures in Video Game Console History

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