July 22, 2022<\/p>\n\n\n\n
By Murtuza Merchant<\/p>\n\n\n\n
Another day, another first for the NFT industry. <\/p>\n\n\n\n
In a private event, a champagne bottle featuring the artwork of Bored Ape Yacht Club (BAYC), sold for a record $2.5 million. Created by Shammi Shinh, \u2018Magnum of Chateau Avenue Foch\u2019 or Magnum 2.5, is the world\u2019s most expensive champagne bottle. <\/p>\n\n\n\n
Let\u2019s take a closer look at the sale of the Bored Apes NFT champagne bottle.<\/p>\n\n\n\n
About Bored Apes NFT Champagne Bottle Sale<\/strong><\/p>\n\n\n\n Italian cryptocurrency investor brothers, Giovanni and Piero Buono bought the first-of-its-kind Bored Apes NFT champagne bottle for a whopping $2.5 million. What\u2019s more, the bottle comes with five NFTs in all, including a Bored Ape, Mutant Ape, and a Sneaky Vampire. The brothers now own both the champagne bottle and the intellectual property and digital NFT artwork rights.<\/p>\n\n\n\n \u201cI don\u2019t plan to drink it, I think it will be a good investment,\u201d Giovanni told the Wall Street Journal. \u201cThere is a lot of turmoil in the investment world, things are changing geopolitically very quickly. Wealthy people will look for places to store their wealth for a while\u2014and that could be a champagne with an NFT attached to it.\u201d<\/p>\n\n\n\n Who Created The NFT Champagne Bottle?<\/strong><\/p>\n\n\n\n Wine distributor Champagne Avenue Foch minted the NFT champagne bottle. Meanwhile, Mig, the artist behind BAYC and the Sneaky Vampire Syndicate NFT collection, designed the bottle. British Entrepreneur, Shammi Shinh is behind the Champagne Avenue Foch.<\/p>\n\n\n\n With this NFT bottle sale, Shinh broke his own record of the most expensive single bottle of Champagne in the world. Back in 2013, he sold Taste of Diamonds champagne for $1.9 million. <\/p>\n\n\n\n The champagne had even been featured in music videos and Hollywood hits such as Marvel\u2019s Justice League.<\/p>\n\n\n\n \u201cNFTs are the new diamonds,\u201d Shinh said earlier. \u201cThis 1 of 1 bottle features art from NFT collections that have over a billion dollars in sales. <\/p>\n\n\n\n Encrusted with diamond-cut Swarovski crystals with pure pewter embedded in the design, I wanted to create something timeless for the modern investor, nothing less of a masterpiece.\u201d<\/p>\n\n\n\n Wines, Spirits, and NFTs<\/strong><\/p>\n\n\n\n This is not the first time that luxury wine and spirits have come with NFTs. <\/p>\n\n\n\n In fact, there is a growing market for luxury wines and spirits linked to NFTs. <\/p>\n\n\n\n To be sure, NFTs help authenticate the products, increase the brand\u2019s reach beyond traditional customers, and even help the brands tap into new revenue streams.<\/p>\n\n\n\n For example, early this year, Australian winemaking company Penfolds partnered with BlockBar to create a vintage wine barrel NFT. <\/p>\n\n\n\n Only a single buyer, picked from a lucky draw, could buy the NFT for $130,000.<\/p>\n\n\n\n More recently, Wine Bottle Club released their genesis NFT collection in partnership with Exclusible. <\/p>\n\n\n\n Some of the NFTs in the collection even comes with exclusive grand cru wines, including Bitcoin La Cuv\u00e9e limited edition, Ch\u00e2teau Gruaud Larose, and Ch\u00e2teau Pape Cl\u00e9ment.<\/p>\n\n\n\n About the author<\/strong><\/strong><\/p>\n\n\n\n Murtuza Merchant is a senior journalist and an avid follower of blockchain and cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":" July 22, 2022 By Murtuza Merchant Another day, another first for the NFT industry. 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