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Yeah, people put in stupid low bids on OpenSea all the time with the hopes that someone will just accept it. It doesn't cost anything (outside of the gas to wra
by cableshaft 4y ago
Yeah, people put in stupid low bids on OpenSea all the time with the hopes that someone will just accept it. It doesn't cost anything (outside of the gas to wrap the ETH or whatever) for them to place the bid, they just have to have it available. They can even use the same money to place bids on a bunch of NFTs, and only pay for the first one that accepts.
One way people try to scam bids on OpenSea is they make a bit that seems super high if it was in the default currency, but use a different currency, and the currency symbol is a tiny icon, so they hope people will accept it without thinking about it and they get it for a deal. I know several people that thought they were selling their NFT for like 20 Eth (or $26,000 USD at today's prices, even higher back then), and really the bid was for 20 USD coin, or $20.
So some rando placing a bid on OpenSea doesn't mean much. I'm sure there are people who would pay more than that for this NFT, but aren't bothering to take the time to place a serious bid. Not $2.9 million though, and definitely not $48 million.
If the owner arranged to have this sold through Sotheby's or something, he could potentially get $100,000+ (I'm guessing, I have no idea, just judging by their other auctions). Just a random bid on OpenSea though, $1000 is probably the best they're likely going to see for it, especially in the midst of the NFT (possibly now permanent) bear market.