Sotheby’s to Host Auction to Sell 3AC’s NFTs

Sotheby’s to Host Auction to Sell 3AC’s NFTs

Auction house Sotheby’s announced it is auctioning rare NFTs from the Grails collection which belongs to bankrupt crypto hedge fund Three Arrows Capital (3AC).

Sotheby’s to Host Auction to Sell 3AC’s NFTs
Sotheby’s to Host Auction to Sell 3AC’s NFTs

The auction house Sotheby’s declared: “This momentous occasion marks a significant event in history as Sotheby’s brings together blue-chip-quality works from prominent series, exceptional arrays of works by individual creators, and rare works hitherto virtually unseen on the public market.”

The “Grails” collection, which includes notable NFTs like Tyler Hobbs’ Fidenza #216 and Dmitri Cherniak’s Ringers #879, will be put up for auction as part of a year-long “multi-part sales series” event beginning on May 19.

A Cube Archetype #397 by Kjetil Golid and a one-of-a-kind work of art by Alpha Centauri Kid are two standouts in the collection.

“Collections are often representative of the time and place from which they were formed, telling a specific story through their artworks,” said Michael Bouhanna, head of digital art and NFTs at Sotheby’s. This sizable collection, which was inspired by the 3AC ethos of buying some of the best and rarest works on the market, represents a significant turning point in the development of generative art on the blockchain in 2021.

Compiled by Coinbold

Trang Thu
Trang Thu
I love Singapore. I love Crypto.