Sotheby’s leads 3rd sale for 3AC’s NFT treasure

The New York House Sotheby’s auctioned 17 new NFT belonging to the bankrupt crypto hedge fund 3AC including coins from collections such as Fidenza and CryptoPunks.

Sotheby’s yesterday led the Act 3 of “GRAILS”, the multi-part auction of non-fungible tokens held by Singapore’s Three Arrows Capital.

Among the NFT This time we found the CryptoPunk #4153 which found a buyer for the princely sum of 254,000 dollarsalmost three times its estimated price.

#AuctionResults Larva Labs’ CryptoPunk #4153 sold for 254,000 USD, smashing the high estimate 3x over. #SothebysGRAILS pic.twitter.com/oumePcFXEJ

– Sotheby’s Metaverse (@Sothebysverse) July 19, 2023

Also, two tokens Fidenzathe #203 and the #290were respectively sold for the sum of 241 300 and 279,400 dollars.

#AuctionResults The luxe color palette and movement of the generative art piece Fidenza #290 sold for 279,400 USD, over 3x the high estimate. #SothebysGRAILS pic.twitter.com/uJsdVVQbof

– Sotheby’s Metaverse (@Sothebysverse) July 19, 2023

The sale, which brought in a total of around 1.2 million dollarsalso included the NFT #502 from the collection Ringers by artist Dmitri Cherniak.

#AuctionResults @dmitricherniaks Ringers #502, a piece that showcases Cherniak’s expertise in both form and color, sold for 152,400 USD, over 2x the high estimate. #SothebysGRAILS pic.twitter.com/GVtJ2dPUfn

– Sotheby’s Metaverse (@Sothebysverse) July 19, 2023

On Twitter, the digital art and NFT director of Sotheby’s was delighted with this new operation.

More incredible results with our GRAILS part III, which has just fetched nearly $1.2 million from 17 lots offered”, said Michael Bouhanna.

The first two sales of Grailsheld last May and June, raised $2.5 million and $11 million respectively.

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