Sotheby’s 3AC NFT Sale earned $10.9M, with ‘The Goose’ selling for $6.2M.

On Thursday, Sotheby’s held another auction of non-fungible token (NFT) artwork that had been seized from the bankrupt crypto hedge fund Three Arrows Capital (3AC). The auction, which took place in New York, brought in over $10.9 million in sales and included pieces from the “Grails” collection. The collection featured 37 works from generative artists such as Dmitri Cherniak, Tyler Hobbs, Jeff Davis, and others.

One of the highlights of the auction was Dmitri Cherniak’s Ringers #879, also known as “The Goose,” which was estimated to sell for $2-3 million. However, it ended up selling for $6.2 million to NFT investor 6529, making it the second-highest sale of generative art ever. Other notable works from the auction included Tyler Hobbs’ Fidenza #479, which sold for $622,300, Snowfro’s Chromie Squiggle #1780, which sold for $635,000, Larva Labs’ Autoglyph #218, and Kjetil Golid’s Archetype #397, both of which sold for $330,200 each. All the NFTs in the auction sold for higher than their estimates.

The Grails collection was assembled by Three Arrows Capital as part of its asset portfolio in 2021. The hedge fund filed for bankruptcy in July, and its liquidator Teneo has been selling off the NFTs to recoup funds. Sotheby’s multi-part sale of NFTs from the Grails collection has so far brought in over $16 million. Sotheby’s has described the collection as containing “some of the most significant digital artworks ever assembled.”

The upcoming Sotheby’s sales are not related to Starry Night Capital’s NFT portfolio, which was set up by 3AC in partnership with NFT collector Vincent Van Dough in August 2021.

Edited by Toby Leah Bochan.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

NFT

Solana's NFT marketplace, Tensor, will soon introduce the TNSR governance token.

Great news! Tensor Foundation has announced the highly anticipated launch of its TNSR token. This revolutionary token...

Policy

The EU will consult on crypto complaints and conflict of interest rules in July.

The European Union's securities-market regulator ESMA will provide specific information regarding the primary cryptoc...

Policy

Craig Wright wins appeal to fight Bitcoin copyright claim in UK.

The esteemed author of the groundbreaking Bitcoin white paper asserts that the operation of Bitcoin and Bitcoin Cash ...

NFT

Trade Rare Bitcoin with Bitcoin Magazine.

Bitcoin Magazine introduces an exclusive service catering to collectors and high net worth investors in search of the...

NFT

How to maximize profits in a bull market? Please take note of these 6 strategies.

To achieve a 100-fold return, it's not luck but skill that will get you there. Authored by cyclop, translated by Luff...

Policy

🚨 Breaking News: Craig Wright Denies Email Forgery Allegations in COPA Trial 📧

Wright courageously defended himself in the U.K. COPA trial by addressing allegations of falsifying emails that he ha...