In The Hole

Price Rationale

In The Hole is a 2019-11-23 SuperRare XCOPY OneOfOne with clean supply 1 provenance, but the market evidence is thin: one exact-token SuperRare sale at 3.0 ETH / USD 432.75 on 2019-12-13, no current ask, no current best bid, no OTC history, and no grail flag. The two reviewed same-tier peers also sit at 3.0 ETH in December 2019, which anchors the work as a lower/mid non-grail 2019 XCOPY rather than a flagship. I mark current fair value materially above the stale 3 ETH cluster because scarce 2019 XCOPY 1/1s have broadly repriced, but below the 90-100 ETH liquidity/cultural appraisals because the packet lacks current executable demand or recent peer confirmation. A 70 ETH fair value with a 45-105 ETH range balances the 55 ETH comparable-sales view against the higher cultural/liquidity views while rejecting both the 32 ETH cycle undershoot and the 100 ETH liquidity overshoot.

What Caps The Price

A higher mark would lean too heavily on broader later 2019 XCOPY sales rather than the supplied exact-token and same-tier peer evidence. The work has no current bid or ask, no OTC sale, no recent sale, no grail flag, and its selected peers are non-grail 3 ETH December 2019 marks. That makes 90-100+ ETH too aggressive for a final clean valuation from this packet alone.

What Supports The Price

A lower mark would over-anchor to the 2019 3 ETH / USD 432.75 sale even though that print predates the later XCOPY 1/1 market repricing. The token is still a 2019 SuperRare XCOPY OneOfOne with supply 1, continued collector custody, and reviewed same-tier peer support, so the cycle appraiser's 32 ETH fair value is too punitive as a current estimate.