Fidenza #545 sold today for 625 ETH, the 5th highest sale of all time in ETH terms.
The Deets
- Fidenza #545 was purchased by 95B9F6 for 625 ETH ($1.17M USD) in a reserved sale on OpenSea.
- The seller was jz3 / jzchew.eth (@jzjmt3), who also has CryptoPunk #9476 (VR hoodie) and CryptoPunk #5350 (top hat) in that wallet.
- jz3 originally bought the Fidenza for 275 ETH back on December 24, 2021, and the sale price today in USD terms is close to flat compared to that prior sale (when ETH was roughly $4.1k).
- Per Nikolai Yakovenko, founder and CEO of DeepNFTValue (@deepnftvaluebot), the purchaser of Fidenza #545 today is the same buyer who bought CryptoPunk #6649 (the 3AC Zombie Punk) OTC from the @Sothebysverse Grails wallet two weeks ago.
🎤 Community Quotes
Stacked collection. Bought the Eternal Pump also from 3AC collection. Two autoglyphs. Another premium Fidenza (red on black)...
— Nikolai Yakovenko (@ivan_bezdomny) June 6, 2023
cc @punk9059 https://t.co/PhISKQoQfX pic.twitter.com/iBbOw2QVXx
❗ Why It Matters
Tyler Hobbs' Fidenza collection, which Hobbs named "Fidenza" after discovering a tiny Italian town of the same name on Google Maps, continues to capture the attention of collectors around the world (even in this current perilous climate for crypto and NFTs).
The sale of Fidenza #545 follows the spike in interest in Art Blocks and generative art at the top end of the market that was set in motion by the 3AC Grails Part I auctions at Sotheby's Contemporary Day Sale in May. Fidenza #725 was at the center of the auctions, selling for a touch over $1 million. And then, about two weeks ago, Fidenza #971 sold for 370 ETH ($685k).
🕳️ Go Deeper
- Morning Minute | Fidenzas Lead Major NFT Art Rebound (May 23, 2023)
- 200 WETH Offer Accepted On Fidenza (November 7, 2022)
Three Arrows Capital's (3AC) extensive NFT collection is expected to enter liquidation, according to a notice by Teneo placed yesterday in the British Virgin Islands.
❗Why It Matters
The failed hedge fund holds many valuable NFTs in its collection, which could be worth at least $6m at current market prices. The crown jewel of the collection may be "The Goose," arguably the most iconic work from Dmitri Cherniak's "Ringers" collection. 3AC acquired The Goose in August of 2021 for 1,800 ETH (nearly $3m USD at the time).
🔎 The Details
Other notable NFTs in 3AC's collection include:
- Bored Ape Kennel Club (1)
- Many NFTs from various Art Blocks collections, most notably 30 Fidenzas and 17 Ringers
- Autoglyphs (3)
- CryptoPunks (11)
- ACK Unique Editions 1-of-1
- Where My Vans Go (1)
View the entire collection here.
🧠 Need to Know
- The liquidation of 3AC's NFT collection will not include the Starry Night Capital portfolio. The Starry Night collection was assembled by VincentVanDough on behalf of 3AC, and it is considered a separate entity.
🎤 Community Feedback
Fidenza No. 955 was traded for 80 ETH, which was subsequently used to purchase a Mega Mutant Hound Collar ahead of the project's reveal later today.
The Transaction: OpenSea user La_Mere sold Fidenza #955 for 80 ETH overnight on Jan. 9, and then turned around and bought Mega Mutant Hound Collar #4300 for 79.690 ETH this morning. The NFT was later relisted for 299 ETH.
Why It Matters: Since minting for 0.25 ETH in mid-December, Mutant Hound Collars have skyrocketed up to a floor price of 1.73 ETH (an all-time high floor price of 2 ETH was reached a couple of days ago). While the project is not affiliated with Yuga Labs, the project has gotten significant buy-in from members of the BAYC ecosystem.
This was a very splashy move away from a blue-chip like a Fidenza, and a big investment into the highest-tier Mutant Hound Collar. Mega Collars were randomly mixed in the 10,000 NFT collection throughout the mint process.
What's Next: Today at 5:00 p.m. ET, collar holders can burn the collars to reveal hounds.
What People are Saying: Prominent Yuga holder and Mutant Cartel founder lior.eth tweeted, "Fidenza for a Mega Collar. Good trade. $106,257 biggest sale in Hounds history, less than a month since mint. Love to see it!!!!! @MutantHounds"
🕳️ Go Deeper:
Archipelago, the website and generative art marketplace whose founder partnered on Tyler Hobbs' QQL mint pass auction, is shutting down Dec. 10, according to a message on the site.
Reasons for the shuttering weren't given by site creator and QQL co-founder @dandelion_wist. Last month, Dandelion put out a tweet thread about transferring QQL seeds (outputs of Hobbs' algorithm only mintable by those with QQL mint passes) and said Archipelago was "actively building" a seed marketplace.
This morning, Dandelion responded to a user concerned about the marketplace plans saying that the "seed market will still happen, just on a super chilled-out timeline."
The QQL Mint Pass, created by Fidenza founder Hobbs, sold out 900 editions in Dutch auction format with a resting price of about 14 ETH back in September. The sale raised more than $16.7 million for Hobbs and Dandelion.
After the announcement, Dandelion purchased Fidenza No. 607 on the Archipelago marketplace for 500 ETH (about $585,000).
The website directs users to Artacle.io, an NFT analytics platform for generative art.
Fidenza #214 sold for 200 WETH ($313,702 USD) on Monday, the third sale in the last 24 hours for the popular Art Blocks Curated collection.
The large purchase coincides with increased volume across both Fidenzas and the broader Art Blocks ecosystem, including notable sales of Chromie Squiggles, Ringers by Dimitri Cherniak, and Memories of Qilin.
Art Blocks secondary volume was the highest it's been since mid-July in ETH terms and the highest in $ since the end of April
— catherine (@0x_catherine) November 7, 2022
Friendship Bracelet sales were 17% of total volume last week and Chromie Squiggle sales were 16% of the total pic.twitter.com/lQD3Ilpcuw
The Fidenza floor currently sits at 99 ETH, up 25 percent over the last week.
The new purchase is the buyer's fifth Fidenza, which joins a wallet that includes a wealth of other Art Blocks, five CryptoPunks, and three Bored Apes.
Tyler Hobbs, the generative artist behind Fidenza and the QQL collection, had a sale of 45,000 tez on his piece "Diagonal Colors" earlier this afternoon according to Objkt.
The piece was minted on March 18, 2021, and initially sold out its supply of four pieces for 30 tez each. Diagonal Colors has seen a few four-figure tez offers as well as an offer of 10,000 tez earlier this week before the 45,000 tez offer was accepted this afternoon.
The current cost of Tezos currently sits at $1.41 per coin.
Hobbs received 4,500 tez from the royalties of this sale according to his tzkt.io profile.
There are currently only four creations by Hobbs on Objkt with none being listed for sale and his 1/1 "Esthesia 0.1" having a current offer of 3,650 tez.
The QQL project art will be showcased at a Pace Gallery exhibition in New York City in April, according to project co-founder Tyler Hobbs in a Discord announcement.
There will be painted versions of works based on QQL outputs, Hobbs said. Hobbs is the first artist outside Pace's program to host an in-person exhibition at the gallery, according to the Pace website.
"It’s an honor to work with Pace. They’re one of the top galleries in the world and they represent the work of some of my very favorite artists," said Hobbs. "I’m excited for the opportunity to get generative art in front of an audience that may not be familiar with it yet."
Three Arrows Capital (3AC) and Starry Night NFT wallets could go into receivership any day following the firm's bankruptcy. Estimates of how much the NFTs in the two wallets are worth range from $3 million to more than $25 million, the latter suggested today by DeepNFTValue.
Inside the first wallet is 11 CryptoPunks, three Autoglyphs, multiple Ringers (including "The Goose"), 31 Fidenzas, and more.
Inside the second wallet is more Ringers, more Fidenzas, an Ethernal Pump, and more.
A breakdown of the value of these two wallets by NFT collection is available above. The largest chunk of value comes from Fidenza, which is worth nearly $10 million, according to DeepNFTValue. This is 3x the low-ball evaluation of $3 million mentioned above.
With 11 CryptoPunks, 38 Ringers, and 34 Fidenzas, if these wallets are not properly auctioned off to the greater web3 community, the sales could negatively impact floor prices, especially for 10k pfp collections like CryptoPunks.
A final decision on how to auction off these assets, whether bundled or not, has not yet been made. For suggestions on how to appropiately handle the auction, see Nikolai Yakovenko's full article for DeepNFTValue here.
DeepNFTValue is an algorithm-based platform that uses deep neural networks to value CryptoPunks and other NFT projects. It is widely considered one of the most accurate value projection tools on the market at this time.
Hundreds of rare NFTs could be sold soon after they were transferred to a multi-signature wallet operated by Teneo — the firm in charge of liquidating NFTs in the Starry Night Capital fund formerly owned by the now-insolvent Three Arrows Capital.
Teneo has accounted for all of the Starry Night Capital NFTs with cooperation with former Starry Night Capital curator and pseudoanonymous collector VincentVanDough, according to a statement from the company provided to Lucky Trader.
A bulk of the former Starry Night Capital holdings were transferred to a Gnosis Safe wallet Tuesday, including three Fidenzas, some Rare Pepes, and a handful of XCOPY pieces, which the fund paid more than 1,300 ETH to acquire. (The wallet, which is valued at around $1.8 million according to NFTBank.ai, can be viewed here.)
Teneo also said that Van Dough has agreed to assist with the “eventual sale of all 3AC NFTs” and that all the NFTs are “in our possession or are being transferred to us.”
Creditors have been clamoring for the NFTs ever since Three Arrows Capital filed for bankruptcy in July and a federal judge allowed Teneo to subpoena Three Arrows Capital founders Su Zhu and Kyle Davies.
