- Three Arrows Capital’s (3AC) Grails Collection has been auctioned off by Sotheby’s for almost $2.5 million.
- The NFTs that were sold included Tyler Hobbs’ Fidenza #725 CryptoPunk #1326 and Dmitri Cherniak’s Ringers #375.
- Fidenza #725 attracted the highest bid of over $1 million, exceeding the high estimate by nearly five times.
- The NFTs sold in Grails Collection’s auction are separate from the NFT collection put together by 3AC’s Starry Night Capital.
Auction house Sotheby’s has successfully auctioned off a series of rare NFTs associated with Three Arrows Capital (3AC). The popular Grails Collection, which was seized from the defunct crypto hedge fund last year, has been sold for almost $2.5 million. The auction comes three months after Three Arrows Capital’s liquidator announced its intention to sell a part of the firm’s massive digital art collection.
3AC’s Fidenza #725 Rakes In Over $1 Million In Sotheby’s Auction
Sotheby’s Metaverse, the digital art subsidiary of the auction house, took to Twitter earlier today to announce that it had sold seven NFTs from 3AC’s Grails Collection. The auction was part of a multi-part sale announced by the defunct crypto hedge fund’s liquidator Teneo earlier this year. The most expensive NFT sold was Tyler Hobbs’ Fidenza #725 ($1.01 million), which attracted a bid five times its estimated price of $120,000-$180,000.