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Sotheby’s auction house has sold a piece of digital artwork from the collection of collapsed crypto hedge fund Three Arrows Capital (3AC) for more than $6 million.According to auction records updated June 15, Dmitri Cherniak’s artwork ‘The Goose’ sold for roughly $5.4 million in addition to Sotheby’s premium fees, totaling
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The collectible was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about 1,800 ETH – worth roughly $5.8 million at the time. Michael Bouhanna, Sotheby's head of digital art and NFTs, told CryptoX that the piece is a major highlight of Cherniak's portfolio and "one
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"For the live auction, we specifically wanted to focus on showcasing generative art, and the sale was curated to reflect not only the collection’s deep holdings of some of the most sought-after and renowned generative artists in the movement, but also to spotlight the wider community of artists pushing the
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On Wednesday, Sotheby’s, one of the world’s largest brokers of fine and decorative art, announced its plans to auction a number of non-fungible token (NFT) assets that were previously owned by the now-defunct crypto hedge fund Three Arrows Capital (3AC). The auction, called the “Grails” NFT collection, will take place
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