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 LeanFemurs to c/leopardsatemyface

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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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[–] ChicoSuave 6 points 1 year ago

He wanted to use it as a mascot and written off the purchase as a business expense that would also gather value because now his bored ape has a show. Tons of advertising for the ape, in the form of the show, that he flips his 300k purchase for millions would normally be a smart investment except NFTs spoil all good things.