NFT art valuation is difficult. Not only are there many different types of artists with such varying price points, but also you must consider private sales and other unusual situations, like “hot potato” contracts (we’ll cover this later). For these reasons, it is extremely tricky to obtain an accurate valuation for NFT art pieces. My first strategy was to simply look at all of the art sold by a specific artist and spit out an average price per token, but then I wondered if it would be more interesting and insightful to consider secondary sales. In the end, I decided to examine how much ROI (return on investment) a collector, when buying directly from the artist, can hope to receive when selling a piece.