Auction firm Sotheby’s said it will sell its NFT art collection as part of the collapsed crypto hedge fund Three Arrows Capital, or 3AC.
In an announcement on April 19, Sotheby’s said it will be auctioning nonfungible tokens, or NFTs, as part of 3AC’s digital portfolio in 2021. The company will begin the auction with seven NFT sales of its collection. ‘Grails’ in May It has been described as a “Some of the finest and rarest works of quality” according to the sayingby Michael Bouhanna, Sotheby’s Head of Digital Art
Among the pieces auctioned by Sotheby’s are zombie CryptoPunk #6649 and Autoglyph #187 from Larva Labs, as well as Dmitri Cherniak’s artwork ‘The Golden Goose’, purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 by the guys. He paid 1,800 Ether.
“From the beginning Three Arrows Capital’s joint liquidators have conducted a thorough process to identify and recover the company’s assets,” Teneo said in a statement. “We have chosen to partner with Sotheby’s digital art team in selling these NFTs because we believe they will offer the best possible solution to maximize the value of these assets on behalf of all creditors.”
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