🏛️ Sotheby's, one of the world's largest auction houses, is facing legal action as it has been named in a class action lawsuit filed by investors of Bored Ape Yacht Club (BAYC). The lawsuit alleges that Sotheby's contributed to inflating the value of BAYC NFTs and portrayed Yuga Labs, the developer of BAYC, as a legitimate entity. The investors claim that the successful NFT auction on Sotheby's platform contributed to creating a positive image of Yuga Labs, which led to their investments. Sotheby's is now part of the legal proceedings, and the case will likely unfold in the legal system. #Sothebys #BoredApeYachtClub #NFTs #Lawsuit