Sotheby’s concluded a live auction of non-fungible token (NFT) artwork from the Grails collection of bankrupt crypto hedge fund Three Arrows Capital (3AC) on Thursday, bringing in over $10.9 million in sales. The 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Jeff Davis and more included highlights such as Dmitri Cherniak’s Ringers #879 (often referred to as The Goose), which sold for $6.2 million to notable NFT investor 6529. Sotheby’s reported it was the second-highest sale of all time for a work of generative art. Other highlights included Tyler Hobbs’ Fidenza #479, which sold for $622,300, Snowfro’s Chromie Squiggle #1780, which sold for $635,000, Larva Labs’ Autoglyph #218 and Kjetil Golid’s Archetype #397, both of which sold for $330,200 each. All the NFTs in the auction sold for higher than their estimates.
The Grails collection liquidation sales have brought in more than $16 million so far, with Sotheby’s noting that the collection contains some of the most significant digital artworks ever assembled.
From groundbreaking works that have transformed the art world to culturally significant pieces, this collection is poised to redefine the way we think about and appreciate digital art, the website reads.