CITIZENS!

Price Rationale

The strongest current anchor is the exact-token Sotheby's OTC sale at 87.8015 ETH / $203,200 on 2024-01-30, which remains close to 87.1 ETH under the supplied 2026-04-23 ETH/USD snapshot. I place fair value at 92 ETH, above that print but well below the 2021 200 ETH onchain sale and Blood Run's 242.69 ETH older peer sale. The comparable-sales appraisal usefully frames upside, but 120 ETH leans on broader universe anchors; the 70 ETH liquidity view is more like a forced-exit level. Non-grail status and no live bid or ask keep the fair range cautious.

What Caps The Price

A higher valuation would over-credit stale peak-cycle evidence. The 200 ETH onchain sale occurred in October 2021, Blood Run's 242.69 ETH peer sale is January 2022, and BRITONS is context-only despite its large ask. With no supplied current bid, no current ask, and no grail flag, a move toward the comparable-sales upper case needs fresher target-specific demand.

What Supports The Price

Lower than this would underweight the 2024 Sotheby's exact-token execution and the work's demonstrated six-figure collector demand. The liquidity appraisal's 70 ETH value is useful for a quick-exit scenario, but the sale history includes both an 87.8015 ETH 2024 result and a 200 ETH onchain high, supporting a fair market mark above distressed bid levels.