Should you invest in bored ape NFTS?

No, just no! If you are an investor, and you have your lawyers write something like "...Sotheby's auction duped investors by giving the Bored Ape NFTs "an air of legitimacy... to generate investors' interest and hype around the Bored Ape brand," then you MUST be an absolute moron who has no business investing in anything.

Why are bored ape NFTS back in the news?

Bored Ape NFTs. These tiny little creatures have popped back into the news cycle because, in a shocking turn of events, the guys who bought the NFTs are not happy with their purchases. A group of investors are suing a whole lot of people over an auction and promotion of the Bored Ape Yacht Club NFTs after the prices dropped, CNN reported.

How much is a bored ape NFT worth?

That's an average price of over $241,000, but Bored Ape NFTs now sell for a floor price of about $50,000 worth of ether cryptocrurrency, according to CoinGecko data accessed today. [...] The amended lawsuit alleges that " [Bored Ape creator Yuga Labs] colluded with fine arts broker, Defendant Sotheby's, to run a deceptive auction."