Because of a typing error, the Bored Ape Yacht Club NFT valued at 75 Ether — or roughly $300,000 USD — was accidentally sold for 3,000 USD.
Bored Ape #3547, a cyborg ape with x’s for eyes, was sold by its owner, maxnaut, who goes by Max, for well below market value on Saturday.
The NFT was bought abruptly, with the buyer even paying an extra $34,000 to speed up the transaction. Afterward, the ape was relisted for $248,000.
Last month, a Bored Ape #3424 was listed for more than $33,000 USD after it was bought for just $90 USD.
“I heard that someone had mistakenly bought an NFT on the Blockexplorer, so I decided to list it at a cheap price,” Max said in an email to CNET. “As soon as it sold, I made some quick research and realized that it was just a typo.”
“I felt pretty bad about the whole thing. Being new to the NFT space, I had thought that this would be fair game,” Max said in reference to listing .75 ETH for his NFT. “After reading up on ERC-721 and ERC-721 tokens, I realized that was not the case and as such, had no recourse to fix the problem.”
Max reported his mistake soon after he made it. He also told CNET that he has informed the 0xProject non-fungible token development team about this issue — which will be used in a future version of the project — and is looking for ways to recoup his loss.
Max’s NFT was listed for 0.75 ETH, which at the time of writing is about $3,000 USD. The market price of a Bored Ape #3547 on Decentraland is typically much higher, as it costs 100 MANA — about $300 USD — to purchase one there.Max has since relisted his NFT for $248,000 USD and is working on getting back the 0.75 ETH he lost so that he can pay the buyer back as well.