If you’re struggling to find NFTs from collections that haven’t crashed during the NFT bear market, look no further than this list of 5 NFTs retaining their value.
In particular, we’ll be focusing on some high-value art NFTs from some of the biggest artists in the NFT space. To be sure, all of these pieces will cost a pretty penny. Of course, that simply speaks to their immense cultural and monetary value.
Without further ado, let’s take a look!
Fine art NFTs Retain their value in the NFT bear market
One of the most interesting takeaways from the current bear market is how art NFTs have performed compared to PFPs. Without a doubt, the biggest fine art NFTs have been keeping their value far better than the biggest PFPs have. Interestingly enough, 3 out of the 5 NFT creators on this list also make the top 10 list of all-time best-selling NFT artists.
Although this is far from a perfect comparison – for one thing art NFT collections tend to be far rarer than 10K PFP collections – it does suggest that art NFTs may well be better investments than PFPs. Indeed, unless you plan on dollar-cost averaging, fine art NFTs from well-known artists seem to be a very solid way to retain value during the bear market. At least when thinking strictly in ETH prices.
Top NFTs retaining their value today
In this list, we’ll take note of the floor price of the following NFT collections. In addition, we’ll use their floor price performance through Q2 2022 as a metric to show how they are holding value. For the sake of comparison, here are the current floor prices and percentage changes for some of the most popular NFT PFP collections*.
- Bored Ape Yacht Club: Floor Price – 90 ETH | % Change since April 1st Floor Price – -18.6%
- CryptoPunks: Floor Price – 66.95 ETH | % Change since April 1st Floor Price – -1.5%
- Cool Cats: Floor Price – 3.98 ETH | % Change since April 1st Floor Price – -50.2%
- Doodles: Floor Price – 13 ETH | % Change since April 1st Floor Price – -46.7%
- Azuki: Floor Price – 10.99 ETH | % Change since April 1st Floor Price – -58.7%
*Floor price data taken from NFT Price Floor.
1. 1111 by Kevin Abosch
Current Floor Price: 3.45 ETH | % Change since April 1st Floor Price: +4.55%
1111 is a collection of 1111 unique NFTs by renowned conceptual artist Kevin Abosch. As a matter of fact, the Irish artist is considered one of the most impactful crypto artists in the world. Taking his talents to the NFT space, Abosch launched the collection on March 20th, 2021.
While the collection has seen the occasional dip, it has certainly held on strong through this bear market. As a matter of fact, like the other NFTs on this list of 5, its floor price actually went up in ETH value over Q2.
2. The Currency by Damien Hirst
Current Floor Price: 7.4 ETH | % Change since April 1st Floor Price: +116.2%
Simply put, Damien Hirst is one of the most celebrated living artists out there. As a result, his major NFT debut The Currency has grabbed the attention of NFT collectors ever since its launch on July 29th, 2021.
This collection of 2,190 NFTs feature an array of colorful dots on plain backgrounds that will be familiar to fans of Hirst’s traditional paintings. As far as keeping their value, Hirst’s Currency NFTs are the top performer on this list of 5. Over the course of Q2 2022, they’ve basically doubled in floor price.
3. Chromie Squiggle by Snowfro
Current Floor Price: 11 ETH | % Change since April 1st Floor Price: +59.3%
Aside from being the founder of the beloved Art Blocks platform, Snowfro is also the artist behind the artwork that has come to represent the platform. He’s also the first of the three NFT artists here who make the top 10 bestseller list. Therefore, given the recent resurgence in Art Blocks‘ popularity, it comes as no surprise that Snowfro’s Chromie Squiggle NFTs have performed swimmingly over the past few months.
Launching on November 26th, 2020, the Chromie Squiggles will undoubtedly go down as one of the most important NFTs in the history of generative art on the blockchain. At present, 9,675 Chromie Squiggles have been minted in total. While Snowfro does mint new Squiggles from time to time, they tend to go very fast and certainly not for cheap!
4. Grifters by XCOPY
Current Floor Price: 13 ETH | % Change since April 13th Floor Price: +36.8%
XCOPY is one of the most beloved crypto artists today, evidenced by his appearance on both this list and the top 10 best-selling NFT artists list.
There are a number of NFT collections by XCOPY that could make this list, but here we’re focusing specifically on Grifters. This limited-edition collection of 666 NFTs launched back on December 14th, 2021. Grifters have kept their value incredibly well over the bear market, maintaining XCOPY’s high floor prices across all their collections.
Interestingly enough, the only XCOPY NFT that has seen a significant decrease in floor price recently is Max Pain. That historic open edition drop evidently took place to give collectors a lower entry point to own an XCOPY NFT.
5. Spring/Summer Collection 2021 by Beeple
Current Floor Price: 18 ETH | % Change since April 1st Floor Price: +12.5%
Rounding out our list of 5 NFTs keeping their value through the bear market is the SPRING/SUMMER Collection 2021 by Beeple. It’s fair to say that Beeple is the most famous NFT artist today. After all, it was the sale of his Everydays: The First 5000 Days that many give credit to for bringing NFTs to a mainstream audience.
In other words, it is impossible to tell the story of NFTs, let alone just NFT art, without including the story of Mike Winkelmann aka Beeple. Needless to say, this makes Beeple’s work highly valuable to NFT collectors.
Like XCOPY, Beeple has a number of high-value NFT collections. So in this list, we’re mentioning the 511-edition collection that Beeple launched back in April 2021. SPRING/SUMMER is made up of smaller sub-collections featuring Beeple’s trademark darkly comedic and absurdist social commentary.
In short, that is how you retain your NFTs’ value in the bear market! To be sure, much of this list might not be attainable to people who are newer to the NFT space. With that said, perhaps it stands as good advice even for those who might not be able to afford these works today. Many of these NFT collections minted for cheap (Chromie Squiggles first minted for free!).
There may be no such thing as a sure thing in NFTs. Even so, if you follow the NFT art space well enough, who knows? You might just land yourself a piece from the Beeple or XCOPY of the future.
Happy art collecting!
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This article is educational material.
As always, make your own research prior to making any kind of investment.