Roundup: Nike buys an NFT company, Harry Potter book beats book auction records, and more
December 17, 2021
Moriah Costa

đź“° In the Headlines

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‍Nike buys NFT sneaker studio RTFKT  

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• Nike has acquired RTFKT, an NFT studio that creates “next generation collectibles that merge culture and gaming.” In other words, sneakers for the metaverse.  

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• RTFKT raised $8m from A16Z earlier this year. It’s currently working on the much-hyped CloneX project, a virtual avatar project it started with artist Takashi Murakami.  

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• Fun Fact: Nike isn’t the only sneaker company with its eyes on the metaverse. Adidas recently teamed up with Bored Apes Yacht Club to create a metaverse character and is working with Sandbox on an undisclosed project.

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‍Sotheby’s doubles down on streetwear auctions  

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• After several big sales over the past few years, Sotheby’s is now making streetwear a permanent category.  

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• The auction house is kicking off the new category with a lot of more than 200 Supreme skateboard decks, which it hopes will bring in close to $100k, as well as a drop of Supreme x Louis Vuitton goods.  

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• Fun Fact: Sotheby’s had previously made the record for most expensive sneakers sold at auction with a $1.8m pair of Air Yeezys worn by Ye himself.

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‍First edition of Harry Potter book smashes book auction record  

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• A rare first edition of Harry Potter and the Philosopher’s Stone sold for $471k at auction last week. Only 500 copies of that specific edition were printed.  

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• It was the highest price ever paid for a Harry Potter book, and a record for a work of 20th century fiction. Shortly after, another copy of the book, in poorer condition, sold at Sotheby’s for £94.5k, approximately $125k.  

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• Fun Fact: Only 200 of the first 500 copies published went to bookstores, and 300 went to libraries and schools. One of these bookstore versions will be dropping on Otis at 12pm on Monday—our first drop in the book category.    

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‍🔥 From the Otis Collection

Mask Group (8)

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• This week in the Otis Discord, we’re talking about: upcoming drops, Daredevil comics, and more — join the conversation.

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• Otis House launched Wednesday with auctions for 5 NFTs representing ownership of items vaulted on Otis, including an NFT of an early Bob Ross painting.

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• Last week, several comics were sold at Comic Link: a CGC 9.6 copy of Daredevil #1 for $115,100, a CGC 9.8 copy of The Amazing Spider-Man #129 for $33,000 and a CGC 9.8 copy of Tomb of Dracula #10 for $39,555. Otis has all of these comics in the same grades, trading at market caps of $97,090, $28,600, and $28,800, respectively at market close 12/16.

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• A Kanye West-signed Donda bulletproof vest (accompanied by a 1-of-1 NFT), said to be worn by the musician at his album release event in August, sold for $75k at a Christie’s auction. Kanye West’s Yeezy Collections I & II are trading on the app.  

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• Golden State Warriors Stephen Curry not only set an all-time 3-point NBA record on Tuesday night, but he also created two new sports memorabilia that could fetch a pretty penny — the ball from the game and his game-worn jersey. Otis has a Stephen Curry Rookie Card (2009 Topps Chrome #101/999 PSA 10) trading on the app.  

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• Masayuki Uemura, the creator of both the NES and SNES, died late last week at the age of 78. A number of NES games are on the Otis app, including classics like Super Mario Bros., GOLF, and Metroid.    

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‍🔖 From Otis Magazine

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This week on Otis Magazine we have three articles.

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First, we take a look at the dystopian world of NFT artist XCOPY.

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Read: XCOPY: Crypto Art Pioneer

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Next, we had a panel of Gen Z’ers play some classic NES games and give their honest opinion.

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Read: Gen Z Reviews Classic NES Games

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And finally, Harry Potter isn’t the only book to sell for big bucks. We dive into other expensive books that have been sold.

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Read: The Most Expensive Books Ever Sold

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