Investors who purchased Bored Ape Yacht Club NFTs at highly inflated prices during the 2021 NFT craze have filed a lawsuit against the Sotheby's auction house and other defendants, alleging deceptive practices. The Bored Ape co0llection, like most NFTs, have cratered in values in the years since the craze.
Sotheby s has been issued with a writ for allegedly misrepresenting the worth of Bored Ape Yacht Club NFTs in a 2021 auction. Buyers behind a class action.