- cross-posted to:
- technology@beehaw.org
- technology@lemmy.ml
- technology@lemmy.world
- cross-posted to:
- technology@beehaw.org
- technology@lemmy.ml
- technology@lemmy.world
The Sotheby’s auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021.
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These silly things, according to the article, are still selling for $50k each. There are still greater fools to sell to, they just aren’t as rich. The current owners can still walk away with about 20% of their initial “investment”. They themselves will be the greater fool if they don’t unload them onto someone else.