$500k Ape Resold for $2.272 Million Today

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On August 5th, I wrote about a domain investor who spent more than $500,000 purchasing a Bored Ape Yacht Club ape NFT. At the time, the price to buy the NFT was 199 ETH. Since then, other BAYC apes have sold for more, including a $1.3 million purchase by Andy Booth and James Booth.

BAYC NFTs have had an incredible run, and while I don’t participate in the NFT market, I think this particular set of NFTs is more liquid than most domain names right now.

When I wrote about the $500,000 BAYC purchase, there were many comments from domain investors. While many domain investors have not bought or sold NFTs, there aren’t many domain investors who do not have an opinion on the topic!

To close the loop on the $500k BAYC ape purchase, it looks like this NFT was just sold for 600 ETH via OpenSea:

Converted to US dollars at today’s exchange rate, that is nearly $2.3 million USD. Not considering any of the listing or sales fees paid for the transactions, that is something like $1.6 million in profit on this purchase and sale in less than a month.

I have no idea how many other NFTs were bought or sold by this investor or others, but that is quite a flip.

About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.

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13 COMMENTS

  1. 3x on the rise in popularity, 40% gain on ETH, i think we may need a new word other than flip.. more like ride the wave, a BIG BIG WAVE!!

    IN

    UP

    OUT

    ………

    regret??

    Good Luck All

    NftCoach

  2. …so i guess no one is going to report that Uniregistry users will have their accounts swapped for a Godaddy account within the next 30 days. I transferred all of my domain names out of Uniregistry so fast its not even funny. Godaddy website is horrible.

      • Everything you need to know about the move from Uniregistry to GoDaddy:

        Uniregistry and GoDaddy are working together to improve your experience. Your Uniregistry account will be moving to GoDaddy in 30 days, at which point we’ll send you an email guiding you through the sign in process. https://uniregistry.com/blog/post/better-together

        When we move your Uniregistry account, we’ll move almost everything to your new GoDaddy account — your domains, account info, payment data, and account balance if applicable.

        A few notes about your Uniregistry.com account balance:

        If you’d like your current Uniregistry.com account balance to be paid to the original payment method before your account migration, please set up a payout profile by following the steps at: https://www.uniregistry.help/hc/en-us/articles/1260802451190-Create-a-payout-profile-with-Tipalti-
        Any existing account balance at your Uniregistry.com account will be moved to GoDaddy on the migration day, to GoDaddy In-Store Credit (ISC)*.

        How to use GoDaddy.com In-Store Credit:
        GoDaddy In-Store Credit funds can be used on their own or can be combined with an external payment option to complete a sale at GoDaddy.
        GoDaddy In-Store Credit can be withdrawn only via mail USD check (this may take up to 6-8 weeks)

        There are some things you’ll need to manually download from Uniregistry before your account is moved (if you want them), such as documents attached to your domain account via Documents.Link or domain account via Domain Tracker.
        If you’re wondering how much more you’ll be paying:

        Zero more. You’ll keep your current pricing and we’re going to bring some noticeable improvements your way**. GoDaddy is the world’s largest domain registrar, so we’ve got a reliable, scalable, and globally available DNS system. You’ll also receive GoDaddy’s Basic Privacy Protection.

        https://www.godaddy.com/help/how-can-i-protect-my-domain-name-32311

        We’re excited you’re joining us at GoDaddy, and we’re going to make this transition a breeze. Remember to download any of the materials (you want to keep) we can’t move over for you within the next 30 days and stay tuned for the GoDaddy welcome email with your next steps.

        If you have any questions, please reach out to our customer support team at help@uniregistry.com or +1-800-818-1828. We would love to help.

        *Use of In-Store Credit subject to GoDaddy’s Universal Terms of Service Agreement
        **Product renewal pricing subject to change.

        If you have any questions please feel free to email our support team at help@uniregistry.com or check our online knowledge base at uniregistry.help, we’re always available to help out.

  3. 200 ETH seems huge when seen as an outsider, but for someone who is in NFTs, this is all just a game. 3 days back I minted a SOLANA NFT for 1 SOL. Yesterday someone offered me 200 Solana, which is more than 20000 USD in real money, and I said naa. I am gonna keep it. Such is life.

    To all the naysayers, all they need to do it buy an NFT and spend 5 minutes as an insider. And it will all make sense.

    It is like a make belief world, but it exists.
    I am a grown adult and I pay real dollars to buy ingame skins.
    I buy hundreds of dollars worth of stupid virtual things for my 7 year old on his iPad.

    Crazy world, but you can’t wish it away.

  4. So… a $500k image of an ape then went on the sell for $2.3m? What an utter load of horse manure.

    This is one of the biggest psyops in history – pretty much on par with the “go get your bioweapon vaccine coz you’re gonna die” psyop.

    This is clearly money laundering and/or teaching the dumb fools that these images have “value”. If an image of an ape sells for hundreds of thousand or millions then another image of an ape for just a few thousand must be a real bargain right? So convinces the psyop. But then you’d need to sell to a fool bigger than you!!! What a scam.

    But the REAL psyop is teaching the fools that these worthless tokens made for nothing have value, exactly like fiat currency was presented as having value but made for free in the same way. Same con, different implementation.

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