Reading time: ~ 2 m
Bidding will take place from 17 to 19 December.
Banksy’s Rat on the Dock was first spotted in 2010 at Pier 39 in San Francisco at Fisherman’s Wharf. The artist depicted a rat digging its way out of a tunnel painted on a metal door near the Alcatraz Boat Tour station. However, the San Francisco City Department of Public Works painted over the door.
11 years until today, everyone thought Banksy’s “Rat on the Dock” was destroyed. But the drawing was found by a Banksy fan and sent to restoration centers, according to the official website of the team that posted the artwork as an NFT.
A spokesman for the American Appraisal Society said Banksy’s Dock Rat is worth over $ 700,000.
On December 17th at 10:00 p.m. PST, a campaign will kick off where the physical work and its NFT will be auctioned for 24 hours.
On the second day, at the same time, 333 Rats on the Wharf NFT fragments will be available for sale to the public for 24 hours, each fragment costs 0.33 ETH and gives partial ownership of the work of art.
On the third and final day, at the same time (10:00 PM PST), you will be able to buy Banksy’s NFT “Favors”. Each “Souvenir” will cost 0.033ETH and will give you access to private lounges in the Banksy DAO Discord.
Banksy’s first NFT painting, entitled Morons, was sold for 228 ETH ($ 380,000) on OpenSea last March by a group called Burnt Banksy, who first bought the original painting, then created the NFT of that piece, and finally destroyed the physical picture. In September, a fake Banksy painting was sold for £ 244,000.
Last month, two Banksy paintings were sold for Ethereum at Sotheby’s (ETH). In addition, Particle announced this month that it will be selling 10,000 NFTs of Banksy’s Love in the Air from January 10-14 next year.
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