• Three Arrows Capital (3AC) declared bankruptcy in July 2022 and their investment vehicles, including an expansive list of NFTs, are now up for auction.
• Sotheby’s will host a multi-part sale featuring NFTs from the 3AC Grails collection, which includes CryptoPunks, Fidenzas and more.
• The collection is considered to be “some of the very best of the Contemporary Digital Art and Generative era” by Michael Bouhanna, Sotheby’s Head of Digital Arts and NFTs.
Three Arrows Capital (3AC) Declares Bankruptcy
In July 2022, Three Arrows Capital (3AC), a crypto hedge fund, declared bankruptcy. As part of their asset portfolio were several investment vehicles which have since been seized.
Sotheby’s Auction Featuring 3AC NFTs
Sotheby’s has announced they will be hosting a multi-part sale featuring NFTs from the 3AC Grails Collection. This extensive list includes some rare pieces such as Larva Labs‘ Zombie CryptoPunk #664, Dmitri Cherniak’s Ringers #879 (also known as „The Golden Goose“), Snowfro’s full spectrum Chromie Squiggle #1780, Tyler Hobbs‘ small-scale Fidenza #725 Autoglyphs Cube Archetype #397 by Kjetil Golid and Alpha Centauri Kid’s one-of-one creation.
„Some Of The Very Best Of The Contemporary Digital Art And Generative Era“
Michael Bouhanna of Sotheby’s has commented on the upcoming auction saying that it marks an important moment in the rise of generative art on the blockchain in 2021 and that this expansive collection contains some of the highest quality and rarest works available on the market at this time.
Auction Details
The first part of the sale is set to take place in May at Sotheby’s marquee sale in New York City. It is expected to be one of most significant collections ever assembled for digital art auctions with many unique pieces included within it.
Conclusion
Now that Three Arrow Capital (3AC) has declared bankruptcy, its investment vehicles are being sold off through auction houses like Sotheby’s who have deemed them some of the highest quality and rarest works available on the market today. With an impressive selection ranging from CryptoPunks to Fidenzas and more – these pieces are sure to make history at their upcoming auction this May at Sotheby’s marquee sale in New York City!