Crypto fans pay more for NFT cars than real ones
Say you had millions of dollars to spend. If you’re a car enthusiast, you might want to buy the latest Ferrari or a 1956 Aston Martin. But would you spend an exorbitant amount for a car you can’t physically drive?
It may sound illogical, but Vanarama research shows that people are digging deep into their pockets to buy car-related NFTs. This means they own the cars digital rendering (although anyone can view and download it), but they will never lay a single hand on the vehicle.
In fact, according to the study, buyers are willing to pay even more for the NFT version than the actual car.
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Let’s take a look at four ridiculous examples:
1. A Nissan GT-R
In September, a 3D rendering of the Nissan GT-R sports car was auctioned for more than $2.3 million โ 10 times the price of the actual car’s $200,000 price tag.
2. A video of an exploding Lamborghini
A brand new Lamborghini Huracan will set you back around $200,000. That’s still cheaper than the crazy $250,000 a video of one busted sold for.
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The artist behind it, under the pseudonym Shl0ms, stated at the time that his creation was a protest against “cryptoculture”, rather than an attempt to make money.
3. A DeLorean DMC-12
Fans of Back to the Future franchise can purchase the ‘time traveling’ DeLorean for a minimum of around $50,000. However, its NFT counterpart is priced at $183,000.
4. The Bilmannen logo
It’s actually just a logo – and just a 2D one.
Surprisingly, it is the most expensive car-related NFT, currently priced at a whopping $8,562,450 million. Instead, you could buy an original Aston Martin DB5 โ one of the most sought-after classic cars around โ for $6.9 million and still have money to spare.
If you’re not shocked yet, here’s the full list of the most (unreasonably) expensive car-related NFTs:
I personally see nothing worthwhile in buying a car NFT other than a strange flex, ignorance or recklessness. So I stick to paying for a good old physical car.
