Sotheby's to Auction 3AC NFTs

Sotheby's to Auction 3AC NFTs
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Sotheby's is slated to auction a set of seized NFTs from the bankrupt crypto hedge fund Three Arrows Capital (3AC), including the coveted Dmitri Cherniak's Ringers #879, widely known as "The Goose."

The Deets

  • The second auction of 3AC's "Grails" collection, featuring 37 NFT works.
  • The event, dubbed the largest-ever live digital art auction, will take place in New York on June 15.
  • Dmitri Cherniak's "The Goose," purchased by 3AC for approximately $5.8 million in 2021, will be the highlight.
  • Other notable works include Tyler Hobbs’ Fidenza #216.

The Bulk

In its second sale of 3AC's "Grails" collection, Sotheby's is bringing to the auction block 37 high-value NFTs, including Dmitri Cherniak's Ringers #879, colloquially known as "The Goose." 

"The Goose," a distinctive piece in Cherniak's portfolio, was acquired by 3AC's co-founders Su Zhu and Kyle Davies for about 1,800 ETH, equivalent to $5.8 million at the time, in August 2021. Other notable NFTs include Tyler Hobbs' Fidenza #216, which last sold for 320 ETH (approximately $1 million) in 2021.

📊 By the Numbers

Earlier this month, the first sale of 3AC's NFTs brought in over $2.4 million, with a Tyler Hobbs' Fidenza NFT selling for over $1 million.

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