Brandon Buchanan explains why he bought Bored Ape #8817 for $3.4M (2024)

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Brandon Buchanan explains why he bought Bored Ape #8817 for $3.4M (1)

The Buyer of a $3.4 Million USD Bored Ape NFT Is In It for the Long Run https://t.co/0gQglhixKN

— HYPEBEAST (@HYPEBEAST) November 12, 2021

#AuctionUpdate #BAYC #8817 sells for a RECORD $3,408,000 USD! This is the first time it has been made available since it was minted. Less than 1% of all Bored Apes have the gold fur trait. From the collection of @j1mmyeth #NativelyDigital pic.twitter.com/HfFTpEOIUh

— Sotheby's Metaverse (@Sothebysverse) October 26, 2021
  • Hypebeast has an exclusive interview with Brandon Buchanana aka rhincodon who bought the rare Bored Ape #8817 at Sotheby’s Metaverse auction for $3.4M, a record for the Bored Ape Yacht Club NFTs.
  • “Notably, the Ape has gold fur — a super rare trait found in less than 1% of Bored Apes that makes it a valuable digital collectible.”
  • In the interview with Hypebeast, Buchanan explained: ““IhadbeenlookingforagoldApeforthelastcoupleofmonths, and there are not a lot for sale — only 46. And the ones that are listed typically sell for 1,000 ETH plus, and so give or take, wherever the price of ETH is at a given moment, you’re already talking $3 million USD plus.”
  • “Buchanan is thefounder and managing partner ofMeta4 Capital, a cryptocurrency-focused investment management company that specializes in rare NFTs.”

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Brandon Buchanan explains why he bought Bored Ape #8817 for $3.4M (2024)
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