CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Sotheby’s postpones Twitter NFT charity auction

By Kevin Donovan

23:14, 30 November 2021

twttr jggl NFT was bid at $2.400
Sotheby Twitter NFT auction was postponed to give more people an opportunity to bid - Photo: Sotheby Metaverse

Sotheby’s postponed its charity auction of Twitter-related non-fungible tokens (NFTs) which was scheduled to close Tuesday at 4:00 p.m. EST (UTC-5), Sotheby’s confirmed.

“We decided to postpone the Gifted auction to a later date in order to give everyone the chance to participate in this sale and best support this incredible cause,” said Sotheby’s Senior Press Officer Derek Parsons in an email.

The seven lots, consisting of original NFTs initially minted and given away to 140 random Twitter users earlier this year – hence the auction’s name Gifted: The 140 Collection – were being auctioned by seven of the 140 recipients with proceeds going to healthcare worker charity Sostento.

Bids as high as $5,500

Bidding began Monday, 22 November with initial $50 bids. As of Noon EST Monday, the NFT with the highest bid was Lot 5: ‘Rare Form’, which sat at $5,500 before being pulled. Closely behind was Lot 3: ‘Furry Twitter’ at $4,500. The remaining five lots were all bid between $1,600 and $3,200.

The auction was taking place online over Sotheby's Metaverse NFT auction platform. In total, the seven lots were bid at just over $21,000 combined and a roughly $3,100 per-lot average bid. No specific date was given for the resumption of bidding on the lots.

BTC/USD

98,341.00 Price
+1.270% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

XRP/USD

1.53 Price
+5.690% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.01168

US100

20,875.40 Price
+0.390% 1D Chg, %
Long position overnight fee -0.0241%
Short position overnight fee 0.0019%
Overnight fee time 22:00 (UTC)
Spread 1.8

Gold

2,669.95 Price
-1.710% 1D Chg, %
Long position overnight fee -0.0175%
Short position overnight fee 0.0093%
Overnight fee time 22:00 (UTC)
Spread 0.30

Inspired by charity

The NFT minting and giveaway were inspired by Twitter CEO Jack Dorsey selling a digital representation of his first-ever Tweet over the microblogging platform for $2.90m in March 2020. Dorsey donated the proceeds to Covid-19 relief charities focused on Africa.

“The genesis of this sale is from our exploration of NFTs as a way to bridge that gap, and it is incredibly exciting to work side-by-side with Sotheby’s in bringing together the NFT community in the spirit of giving for our health-care heroes, and it’s all happening on the biggest stage possible,” said Sostento CEO Joe Agoada in a release announcing the sale.

Read more: Sotheby's auctioning Twitter NTF's to benefit health-care charity

 

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 660,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading