March 7th announcement that 2 of the rarest Monkey Kingdom NFTs are to be sold at auction by Sotheby’s could send prices higher.
Last year, this Hongkong-based NFT project took the Asian NFT market by storm. However, things look to be set for new heights with the March 7th announcement that 2 of the rarest Monkey Kingdom NFTs are to be sold at auction by Sotheby’s.
The Monkey Kingdom is a set of 2222 NFTs based on the mythical Chinese superhero, The Monkey King (and what a story it is).
The 2 rare Monkeys will be auctioned off during Sotheby’s first-ever contemporary art online auction. The auction is to take place between the 8th and 15th of March. Contemporary artists such as David Hirst and Michael Kagan are also showcased.
The 2 Monkey Kingdom NFTs are:
The Rare Gen 1 Male 'Wukong' sports a "Guapi Mao", a type of Chinese hat that has great significance in Chinese culture, a common feature of Qing dynasty attire.
Extremely Rare Gen 2 Female Diamond Baepes based on the legendary figure of "Mulan", a one-of-one Diamond Baepes with attributes that are not shared with other types.
Sotheby’s inclusion of these Monkey Kingdom NFTs, with their contemporary art value crossed with traditional Chinese culture is sure to pique the interest of a range of art collectors. These include NFT collectors and traditional collectors.
Furthermore, these are not the only factors that should guarantee an exciting auction. Since its launch in November 2021, it has come to symbolize the arrival of Asian NFT projects on the world stage.
You could say it has taken a similar trajectory to CryptoPunks, where celebs have jumped on the projects. Many of Hong Kong’s rich and celebrated are among the owners of the NFTs. These include, ‘DJ Steve Aoki, JJ Lin, actor Sunny Wang, Ian Chan from local boyband Mirror, and musician Dizzy Dizzo.”
About Monkey Kingdom NFTs
Monkey Kingdom NFTs were launched on the Solana blockchain, on 27th November 2021. It is the runaway leader in the Asian market with over 90,000 worth of Solana traded. So far, the highest price paid for a Monkey Kingdom NFT is 660 SOL (USD$148,000). This is despite earlier problems with hackers on discord.
If you have one of these sought-after Monkey Kingdom NFTs keep an eye out for a hike in its value over the coming weeks.
