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2022 celebrity buyers of Bored Apes and Punks are now suffering heavy losses.

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Will these NFTs reach the same heights that celebrities paid for them again?

Original Title: "Celebrities who spent a lot of money buying monkey and pixelated NFTs in 2022 are now 'going bankrupt'"

Original Author: Kris

Original Translation: Bai Ze Research Institute

A few days ago, while browsing Opensea, I accidentally came across Neymar's personal profile, so I decided to take a look at his NFT collections. I was amazed by the prices he paid for some of these NFTs and their current values. This reminded me of other celebrities who paid huge amounts for Bored Ape Yacht Club (BAYC) or CryptoPunk, so I decided to document it.

内马尔（Neymar Jr）- Bored Ape Yacht Club #5269

Neymar Jr - Bored Ape Yacht Club #5269

This Brazilian football star purchased BAYC #5269 for a whopping $569,531 in January 2022, contributing to the NFT craze at the time. Currently valued at $121,992, Neymar has lost $447,539 as a result.

Whether it's out of love or for some other reason, it seems that this is not just a hype purchase.

Neymar actually purchased a considerable amount of NFTs in 2022, as his gallery on Opensea displays 63 NFTs. He also owns BAYC #6633, which cost him $480,359 in January 2022, but this NFT is currently only worth $88,742, resulting in a loss of $391,617.

One of the other important works in his collection is the variant MAYC #10953 of BAYC. Neymar spent $170,639 to purchase it in April 2022, but it is currently only worth $25,007, resulting in a loss of $145,632.

Other NFTs in Neymar's collection seem a bit out of place, and I wouldn't be surprised if they were free gifts given to him for some reason.

Therefore, at the time of writing this article, he has already spent 1,220,529 US dollars to purchase three high-quality NFTs with a total value of 235,741 US dollars, resulting in a loss of 984,788 US dollars.

I was surprised to see that he has so many NFTs and has fully immersed himself in the NFT space, not just like some celebrities who only spent a lot of money on "monkeys".

Eminem - Bored Ape Yacht Club #9055

Eminem, one of the greatest rap artists of all time, has also jumped on the NFT train, purchasing BAYC #9055 for a price of $453,776 on New Year's Eve 2021. It is currently only worth $88,746, so Eminem has lost $365,030 on this investment. As of writing, he is losing approximately $1,000 per day.

Just like Neymar, Eminem has fully entered this field, as he has displayed 109 NFTs on Opensea. Nothing is more advanced than his BAYC, but there are some cool things inside. However, his profile is terrible because he hasn't put in any effort, so if you're reading this article, tidy up your Opensea profile, bro.

Spending nearly $500,000 to buy a photo of a monkey may seem crazy to the average person, but for celebrities like Eminem, it's a piece of cake.

What I really like is that he utilized his purchased BAYC, because he and another rapper Snoop Dogg used their monkeys in a music MV, I have to say this is really great.

Snoop Dogg - Bored Ape Yacht Club #6723

I have great respect for Snoop Dogg because I know he has been involved in the cryptocurrency industry for some time. In December 2021, he purchased a collection of NFTs worth a total of $366,324, with the most significant being BAYC #6723.

Other NFTs include two Mutant Apes and a Bored Ape Kennel Club NFT. Those familiar with Snoop Dogg should know that he likes the trait of cheetahs - spots (Doge).

Nowadays, Snoop is not only a collector, but also an NFT creator.

He has approximately 3,100 collectibles showcased on Opensea, although from what I understand, most of them are the same NFT with different Token IDs. This seems a bit abnormal, but at least he is serious about the NFT field. I also believe he is involved with other projects, such as Animal Concert.

Madonna - Bored Ape Yacht Club #4988

In March 2022, Madonna bought a monkey for herself at a price of $466,461. It is currently worth $88,896, so Madonna has lost $377,565 for this purchase.

Madonna has 29 collectibles exhibited on Opensea. This includes two World of Women NFTs, which were also quite expensive when she purchased them.

Justin Bieber - Bored Ape Yacht Club #3001

Now this is just exciting! Justin Bieber not only bought one of the most boring monkeys I've ever seen, but he also paid a whopping $1,301,550 for it. It's currently only worth $86,613, so he's lost $1,214,937, which is a shocking loss, but luckily he's one of the best-selling musicians of all time, so he can afford to lose over a million dollars without batting an eye.

Justin's Opensea NFT profile is also unremarkable, but he has been collecting and currently holds about 1,900 NFTs, so I don't think he is just buying into the hype like other celebrities.

Paris Hilton - Bored Ape Yacht Club #1294

Paris Hilton is another celebrity who purchased a monkey for $287,055 in January 2022. The monkey is now worth $86,653, resulting in a loss of $200,402.

Paris has been in the cryptocurrency industry for a long time, so it's fair for her not to have suffered huge losses because she sees the value of NFTs and their future potential. Her Opensea collection contains approximately 1,500 NFTs, and she has created nearly 26,000 NFTs to date.

Now let's discuss other types of NFTs. But before that, other famous celebrities who have purchased monkey NFTs include Jimmy Fallon, Gwyneth Paltrow, Timbaland, and Steve Aoki.

Next up is CryptoPunks, a series that has left me feeling confused. At least the monkeys look great, but these CryptoPunks remind me of the days when I used to play games on my Gameboy as a child. I know they are the oldest NFTs, but no matter how wealthy I am, I cannot justify spending a lot of money on pixelated characters. I would rather purchase monkeys or any other NFTs that have more aesthetic appeal.

As early as June 2021, the great tennis player Serena Williams paid $177,123 for this pixelated NFT of a small figure. I guess it looks like a tennis player, so she bought it. As far as I know, it is currently not listed on any market, so it is difficult to estimate its value. But if she still holds the 85 ETH she paid for the NFT, she can only exchange it for about $102,876 today, which would be a loss of $74,247.

She has 66 NFTs in her unnamed profile on Opensea, and it appears that she has spent more money on many small projects.

Garie Wenchak - CryptoPunk #2140

The entrepreneur and internet celebrity Gary Vaynerchuk almost left me at a loss. With a cost of 3,953,216 US dollars (1,600 ETH), I can only imagine he is an ETH whale, because if you spend 2% of your net worth on an NFT, you definitely need a reason.

Similarly, CryptoPunk #2140 is also difficult to evaluate, but if he still holds the 1,600 ETH paid for the NFT, it would be worth $1,934,367 at today's price. Therefore, he would have to bear a loss of $2 million.

I think he is a true NFT collector because his Opensea profile shows that he has 6,800 NFTs, although some of them have already wasted his money. But when your net worth is as high as $200 million, it really doesn't matter. "Might as well spend it, because you can't take it with you. (Doge)"

Logan Paul - Bumble Bee

This is the last one I want to mention, because internet celebrity Logan Paul paid up to $667,000 for it in December 2021, and it is currently worth about $2,000, resulting in a loss of $665,000.

Additionally, Logan is also the owner of five CryptoPunks (#2294, #6762, #5569, #7861, #4484). The most expensive of these is CryptoPunk #2294, which he purchased on February 25, 2021 for 110 ETH ($163,003). However, he has publicly stated multiple times that he plans to hold onto these NFTs for the long term and has no plans to sell them in the short term.

Summary

Regardless, it's interesting to explore the celebrities who own these super expensive NFTs.

However, we know that the cryptocurrency market operates in cycles, and there is no doubt that the NFT market will experience a significant rebound during the next bull market period.

Will these NFTs reach the heights that celebrities paid for them again? I don't think so, but who knows? Considering the amount of money celebrities make, this is just a consumption for them, and they may not even be bothered by their losses. And since these NFTs are owned by celebrities, I guess they will increase in value even more during the next bull market period.