A man bought an NFT for $2.9M, then listed it for $48M. The top bid was less than $280

Probably nothing...

https://globalnews.ca/news/8760673/nft-jack-dorsey-tweet-sina-estavi-48-million/amp/

At least the 280 bucks will pay for his monthly internet service... Lol...

 

Hard to feel sympathetic for a man who spends $2.9M on an NFT.

 

The top bid was 280 bucks that doesn't mean he was obligated to sell it at that price.

 

Wouldn't it be if there were no reserve? Wonder what kind of reserve he put on it, if he did.

 

A loss is only a loss, once you sell it. Man should have kept it, and try to sell for $50 Billion or something.

 

It clearly states if you scroll down a little he can accept or reject bids so I doubt it would've been sold for $280.

 

Same happened on few other attempts. When the sale/auction happens for real money and not wash trading hype, there is not much market for the most of them.

 

perhaps someone will bid 2,999,730 more.

 

Whether he sold it or not, he now has an idea of what it's actually worth. Realized or not, still a huge loss. (Of course that won't matter if he's a crypto million/billion-aire.

 

But is it true? Do we read the whole story?

-my neighbor is a pilot and he says everything in the newspaper is true, except stories about airlines-