It was supposed to be a milestone in the price history of NFTs: 104 CryptoPunks were to be sold as a block on the evening of February 23, 2022. But shortly before the auction was to begin, the lot was withdrawn. The auction was associated with great expectations: the starting price for the 104 punks was 14 million US dollars, and the auction house had expected between 20 and 30 million US dollars as the result.
Reasons for the cancellation were not given. In any case, it seems that the flight of fancy of the simply knitted NFT Art projects has ended for the time being. Here, too, the market is coming of age, and the value criteria of the art market are becoming more and more prevalent. In the future, high-quality NFT art will outshine the prices of the CryptoPunks.