
Tiffany Sells All 250 ‘NFTiffs’ NFTs for $50,000 Each
Since the complete sellout, the floor price of Tiffany NFTs has dropped from the sale price. The current floor price is now about 27 ETH or $46,000.
Since the complete sellout, the floor price of Tiffany NFTs has dropped from the sale price. The current floor price is now about 27 ETH or $46,000.
The sale of CryptoPunks NFTs surged dramatically after iconic jewelry brand Tiffany announced a limited-edition NFTiffs jewelry collection.
The sale of these necklaces will increase Tiffany’s profit to more than twelve million and the company is likely to gain even more via the resale royalties.
Although individual brands are already exploring Metaverse and NFTs, the LVMH CEO warned that the company needs to be “wary of bubbles.”
LVMH has now decided to settle for a less in its acquisition of Tiffany & Co, ending a bitter dispute that the COVID-19 pandemic triggered.
Tiffany noted that although its global sales dropped by a small fraction when compared to the same period last year, the operating profit surged by about 25% year on year.
LVMH stated that despite the talks and negotiations the conditions necessary to close the acquisition of Tiffany had been not created.
LVMH and Tiffany signed a merger agreement in November 2019. However, it has become known that this deal will not have a bright future.
Tiffany CEO stated that the company is certain that a recovery is imminent even though each of its shares lost 53 cents in Q1. TIF stock is 2% up today.
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Luxury brands owner LVMH offered a new deal to acquire U.S. famed jewelers Tifanny & Co. for $16.5 billion. The deal has been approved.
Louis Vuitton’s parent company LVMH has sent a bid to acquire popular luxury jewelry brand, Tiffany. Anonymous reports say Tiffany has hired a few advisers to help make a decision and would likely turn it down.