The Sotheby's CryptoPunk auction is called off due to seller's withdrawal

"nvm, decided to hodl," the anonymous consignor tweeted after the auction was about to begin on February 23.


The 104 CryptoPunks that were supposed to be auctioned off at Sotheby's on Wednesday evening were not sold. The bid was withdrawn in an unexpected turn of events for the New York auction house.



The CryptoPunks were pulled ahead to the auction due to "discussions with the consignor," according to Derek Parsons, Senior Press Officer of Sotheby's Americas, in an email to Blockworks.


Following Sotheby's announcement, the auction's pseudonymous consignor tweeted, "nvm, chose to hodl."



The withdrawal notification came around 23 minutes after bidding was set to begin in the crowded auction room. Onlookers, on the other hand, were urged to attend an afterparty featuring live music by DJ Seed Phrase.


According to two persons acquainted with the situation, the single-lot auction did not attract enough buyers. Sotheby's has refused to comment on the logistics of bids.


In addition, the CryptoPunks NFTs were obtained in a single transaction by anonymous collector "0x650d" in the beginning.