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Price Rationale

Final fair value is 145 ETH, just below the visible 150 ETH SuperRare ask and between the liquidity/cycle appraisals at 130-140 ETH and the comparable-sales appraisal at 150 ETH. The clean exact-token 255 ETH onchain sale on 2024-04-12 is highly relevant and keeps the work well above ordinary thin non-grail levels, especially given May 2019 SuperRare 1/1 provenance. Still, the present packet shows no current best bid, no OTC depth, no grail flag, no candidate benchmark set, and a live ask below the prior sale, so the 255 ETH trade should be treated as an upper historical anchor rather than a current executable mark.

What Caps The Price

I reject values near the 175 ETH cultural appraisal or the 255 ETH last sale because current market evidence does not confirm that level: the stated ask is 150 ETH, no best bid is supplied, there is no OTC support, and the work is not flagged as a grail or explicit canon benchmark. A buyer today can point to the ask and lack of visible bid depth, so marking above the ask would overstate executable fair value from the supplied evidence.

What Supports The Price

I reject a materially lower mark because the exact token cleared onchain for 255 ETH in April 2024, has long 2019 SuperRare 1/1 provenance, and sits near supplied 2019-era XCOPY anchors in the 128-315 ETH zone. A deep sub-120 ETH valuation would underweight that clean exact-token sale history and the fact that the current listed ask is still 150 ETH rather than a distressed low mark.