An Animated Cat Singing The iPhone Ringtone Became A Meme
Back in early 2018, an auction for Rare Pepes (collectible NFTs of Pepe the Frog) was held in NYC during the Rare Art Labs Digital Art Festival. Although relatively new in 2018, the sale of one “Homer Pepe” for around $39,000 quickly became a trending story online.
The buyer, Peter Kell, set the bar for the most expensive Rare Pepe in existence at the time, but amongst the recent spike in attention and hype surrounding the crypto art world, Homer Pepe is once again making headlines.
Yesterday, Kell made a post to his Instagram account featuring the Rare Pepe card he bought three years ago and said he recently sold it for 205 ETH (Ethereum), which comes out to roughly $312,000 — or about $273,000 in profit.
In the post, Kell commented that while it was sad to see his Homer Pepe go, it was “an absolutely insane event in the NFT world,” and he’s absolutely right.
Fresh off the sale of Chris Torres’ Nyan Cat NFT auction, which sold for nearly $600,000 last month, Kell’s sale of Homer Pepe adds to the notable increase in attention for NFTs in recent weeks, as well as a rise in the overall value placed on these crypto-collectibles.
Kell added in his post that he felt this was “more proof that NFTs are the real deal and will be a big part of how art is sold in the future,” which is also something Torres reiterated during our recent interview with him. As part of a growing trend lately, the sale of Homer Pepe is yet another noteworthy moment in the growing crypto art world.
Last year’s Feels Good Man, a documentary highlighting the tale of Pepe the Frog, included a segment with Kell where he showed off the card and explained that due to its spelling error, it was particularly valuable among the Rare Pepe collection.
With widespread coverage focusing on NFTs and their artists, like Beeple’s ongoing auction at Christie’s, it seems like crypto-collectibles are rapidly becoming the next online “gold rush,” so expect to see even more staggering numbers coming off these auctions as people scramble to get in on the craze.
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