Auction house Sotheby’s announced it is auctioning rare NFTs from the Grails collection which belongs to bankrupt crypto hedge fund Three Arrows Capital (3AC).
Sotheby’s stated: “This momentous occasion marks a significant event in history as Sotheby’s brings together blue-chip–quality works from prominent series, exceptional arrays of works by individual creators, and rare works hitherto virtually unseen on the public market.”
The “Grails” collection, featuring top NFTs such as CryptoPunk #6649 with a zombie-style, Ringers #879 by Dmitri Cherniak, and Fidenza #216 by Tyler Hobbs, will be up for auction as part of a “multi-part sales series” event starting on May 19 and spanning the entire year.
Among the notable pieces in the collection are a Cube Archetype #397 by Kjetil Golid and a unique one-of-one artwork by Alpha Centauri Kid.
Michael Bouhanna, Sotheby’s head of digital art and NFTs, stated: “Collections are often representative of the time and the place from which they were formed, telling a unique story through their artworks. This expansive collection marks an important moment in the rise of generative art on the blockchain in 2021, and was guided by the 3AC ethos of acquiring some of the highest quality and rarest works available on the market.”
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