While the Bored Apes enjoy the spotlight, the old guard still governs the NFT space. An early XCOPY artwork created in 2018 just sold for a stunning 1,630 ETH. At today’s values, that’s more than $6 million.
The song in question is “All Time High in the City” by XCOPY. Death, the ferryman, is depicted in a severe and gloomy manner as he delivers a weary trader to hell, where he certainly belongs. The image flickers menacingly through shades of deep crimson and black throughout.
On November 16, 2018, “All Time High in the City” was added to the blockchain. Then, a full year later, it changed hands for the first time for 10 ETH ($1,436 as of December 2019). It remained there until last September, when it was purchased for 1,000 ETH, or $3 million. And now, as the year comes to a close, that value has risen to $6 million. All for a single piece of artwork that offers none of the community or value that its PFP peers do. purely for the monetary value of the artwork itself Amazing.
There appears to be no alternative for heritage when it comes to NFTs. The “flippening,” or the time when the Apes floor price briefly topped that of the CryptoPunks, recently received a lot of attention. Take a peek at the other end of the spectrum, however, and it’s evident that the highest Punk sales figures dwarf those of their simian competitors.