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Price Rationale

The four appraisals agree that the 7.7 ETH onchain sale on 2020-05-17 is clean but stale, with no current ask, no current best bid, no OTC trail, no grail flag, and no reviewed candidate benchmarks. I place more weight on the comparable-sales and liquidity views than on the higher cultural and USD/ETH cycle views, because age and artist provenance alone do not establish trophy demand. A 50 ETH fair value recognizes early XCOPY SuperRare scarcity and long holder provenance while staying below stronger, better-signaled anchors such as 60 ETH plus recent or culturally clearer works. The 32-75 ETH band reflects thin 1/1 liquidity and negotiation risk.

What Caps The Price

A higher mark would need to borrow too much from stronger XCOPY 1/1s with clearer market standing, recent demand, OTC evidence, or grail/canon flags. Here the only exact-token sale is from 2020, there is no visible bid or ask, and candidateCount is zero. Those caps matter: this should not be priced like a recognized trophy or a recently validated secondary-market work.

What Supports The Price

The 2020 sale should not anchor value near 7.7 ETH or its original $1,600.68 cash value. It was an early direct XCOPY sale, the token has remained with tokenangels.eth since 2020-05-17, and later XCOPY 1/1 market evidence in the supplied universe shows non-grail works can clear materially above early prints. Scarcity and provenance support a meaningful premium despite weak liquidity.