Nine CryptoPunk NFTs sell for nearly $17 million at Christie's

A collection of nine CryptoPunk non-fungible tokens (NFTs) sold for $16.9 million at auction house Christie's on Tuesday.

CryptoPunks are a collection of 10,000 pixelated heads. They come in the form of humans, apes, zombies and aliens.

The nine separate and rare NFTs were sold by Larva Labs, the creator of CryptoPunks itself, from its own collection. Christie's hasn't yet disclosed the buyer.

While Christie's said the sale made history, it appears to be dissatisfying. Earlier this year, a single alien CryptoPunk was sold for $7.6 million.

This was Christie's second NFT sale. The auction house sold a Beeple NFT for $69 million in March. Its third NFT sale by American model Emily Ratajkowski will go up for auction on Friday.

NFT activity has been on the decline over the past few weeks. According to The Block's Data Dashboard, weekly NFT trading volumes have dropped significantly from their peak in February. Weekly users and transactions of NFT platforms have also declined.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.