Should you invest in bored ape NFTS?

No, just no! If you are an investor, and you have your lawyers write something like "...Sotheby's auction duped investors by giving the Bored Ape NFTs "an air of legitimacy... to generate investors' interest and hype around the Bored Ape brand," then you MUST be an absolute moron who has no business investing in anything.

Did Sotheby's sale to FTX give bored ape NFTS 'an air of legitimacy'?

Lawsuit: Sotheby's $24M sale to FTX gave Bored Ape NFTs "an air of legitimacy." Enlarge / Bored Ape NFTs can now be purchased for just $50,000 each. 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.

How much is a bored ape NFT worth?

That's an average price of over $241,000, but Bored Ape NFTs now sell for a floor price of about $50,000 worth of ether cryptocrurrency, according to CoinGecko data accessed today. [...] The amended lawsuit alleges that " [Bored Ape creator Yuga Labs] colluded with fine arts broker, Defendant Sotheby's, to run a deceptive auction."