Leopards Ate My Face

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Purchasers of worthless digital monkeys sue worthless digital monkey auction house after realizing that worthless digital monkeys are worthless (arstechnica.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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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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[–] [email protected] 4 points 1 year ago

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.