10th Floor Ethics

Price Rationale

Final value weights the exact-token evidence and supplied peer anchors more than the high cultural/cycle cases, while treating the 30 ETH liquidity view as an immediate-exit stress case rather than ordinary fair value. The token has one clean onchain sale at 4.5 ETH from 2019, no current ask, no current best bid, no OTC history, and no grail flag. The two supplied peers at 4.6 and 5.0 ETH confirm the original tier but are stale. Early XCOPY 1/1 scarcity and later market repricing justify a large uplift from 2019, but illiquidity keeps value below the 125-130 ETH cycle/canon views.

What Caps The Price

A higher mark would need a live bid, a current executable ask, a recent exact-token sale, OTC demand, or stronger work-specific canon evidence. The cap is the absence of all those signals, plus the warning that broad XCOPY repricing and aspirational peer asks can overstate what this unlisted non-grail token would clear for today.

What Supports The Price

A lower mark would over-weight the liquidity appraisal as the whole market rather than a stressed exit path. The 2019 sale was clean and matched by nearby supplied peers, and the asset remains an early SuperRare XCOPY 1/1. Marking near the original low-single-digit ETH band would ignore six years of artist-market maturation.