Sotheby's Presents "GRAILS: Property from an Iconic Digital Art Collection"
Sotheby's Metaverse announced that it will be holding a series of auctions throughout 2023 featuring one of the most significant collections of digital art ever assembled.
❗ Why It Matters
GRAILS, formed as part of the now-defunct crypto hedge fund Three Arrows Capital (3AC) in 2021, has grails in its collection that represent some of the very best of the Contemporary Digital Art and Generative era.
The Details
- Pieces from the collection will be offered globally across a variety of live and online auctions, as well as via private sale and additional sales channels, to showcase groups of works in different contexts and formats.
- Seven hand-picked works from the collection will go to auction for the first time during Sotheby’s Marquee Sale Week, starting May 19th at Sotheby's New York.
- Some of the highlights of the GRAILS collection include Dmitri Cherniak’s Ringers #879 (also called “The Golden Goose”), Tyler Hobbs' Fidenza #216, Larva Labs' Zombie CryptoPunk #6649, Kjetil Golid's Cube Archetype #397, Larva Labs' Autoglyphs (#187, #218, and #358), Snowfro's full-spectrum Chromie Squiggle #1780, and Tyler Hobbs' Fidenza #31. The collection also boasts Tyler Hobbs' small-scale Fidenza #725 and a one-of-one by Alpha Centauri Kid, among other things.
📊 By the Numbers
Sotheby’s is committed to prioritizing and elevating artists and will honor creators’ royalties for secondary sales, with sellers paying the standard fee of 10%.
At Sotheby's New York, the buyer's premium will be 26% for any purchases up to $1,000,000, 20% for purchases between $1,000,000 and $4,500,000, and 13.9% for purchases more than $4,500,000.
🎤 Founder Feedback
🔜 What’s Next?
Further details about the Sotheby's GRAILS collection will be released in advance of each sale.
🧠 Learn More
- Sotheby's "Grails: Property from an Iconic Digital Art Collection" official press release
- Creditors Eye Three Arrows' Grail NFTs (July 15, 2022)
