Shammi Shinh’s BAYC NFT Champagne Bottle Sells for $2.5 M

Shammi Shinh's BAYC NFT Champagne Bottle Sells for $2.5M

In a historical NFT personal sale occasion, ‘Magnum 2.5’, The Bored Ape Yacht Club (BAYC) art work champagne bottle produced by Shammi Shinh, sells for a record $2.5 million.

The world’s most costly champagne bottle, the ‘magnum of Chateau Avenue Foch’ or Magnum 2.5, is a production ofShammi Shinh Shammi, an NFT trader and a lover, breaks his own earlier champagne selling record of $1.9 million.

The art work on the 1-of-1 minimal edition Magnum 2.5 is thanks to MiG, the BAYC and The Sneaky Vampire Syndicate NFT popularity.

Two Italian siblings, Giovanni and Piero Buono, now own the champagne bottle. The devoted cryptocurrency-investing siblings likewise own the Magnum 2.5’s copyright and digital NFT art work rights.

The siblings will likewise get the illustrations of the 5 NFT art pieces on the champagne bottle plus the digital variations of those NFTs.

“Once the buyer has the bottle, they will receive the actual NFTs that are on the bottle as well. Although they are physically printed on the bottle, they will receive the actual NFT artwork,” states Shinh.

But the brand-new owners of the Magnum 2.5 wish to protect and HODL the valuable bottle.

“I don’t plan to drink it. I think it will be a good investment. There is a lot of turmoil in the investment world, things are changing quickly. Wealthy people will look for places to store their wealth for a while and that could be a champagne with an NFT attached to it,” states Giovanni.

The special Magnum 2.5 champagne auctioned at the June 8 personal sale occasion is made at the Allouchery-Bailly estate in France.

Compiled by Coinbold.

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