this post was submitted on 17 Aug 2023
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Leopards Ate My Face

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The Sotheby's auction house has been named as a defendant in a lawsuit filed by investors who regret buying Bored Ape Yacht Club NFTs that sold for highly inflated prices during the NFT craze in 2021.

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[–] some_guy@lemmy.sdf.org 18 points 2 years ago (1 children)

There was the bit about Sotheby's misrepresenting FTX as a buyer, but that doesn't make me any more sympathetic to their situation. Which, now that I've typed that, is extremely cynical when I like to think of myself as empathetic. I'm gonna try to change my take here. I like @db2's take that the money should be invested in public education.

[–] kimpilled 11 points 2 years ago

I don’t think it would have mattered had they known. FTX was still in their good graces at the time, and FTX didn’t actually scam anyone (in this particular transaction lmao).