Set of ‘Bored Ape’ NFTs Sells for $24.4 Million in Sotheby’s Online Auction

An algorithmically-generated cartoon image of an ape, number 5809 in a set of 10,000 collectible non-fungible tokens (NFTs) called the Bored Ape Yacht Club, made by the U.S.-based company Yuga Labs, in this digital image, 2021. Courtesy Sotheby?s /via Reuters

LONDON—A set of 107 non-fungible tokens (NFTs) representing images of cartoon apes sold for $24.4 million in an online sale at Sotheby’s auction house on Thursday, as the market for the niche crypto-asset continues to heat up.

The images were part of the “Bored Ape Yacht Club” collection of NFTs—a set of 10,000 computer-generated cartoon apes, made by the U.S.-based company Yuga Labs. Owners of the ape NFTs become members of an online club.