The NFT Version of a Police Impound Auction
Three Arrows Capital rn ☝️ Article source, here.
TL;DR
Sotheby’s auction house will be selling off a digital artwork collection previously owned by the collapsed crypto hedge fund Three Arrows Capital (aka 3AC).
The estimated minimum value? 3,373.655 ETH (or $6,474,414.76).
But for now, Sotheby's are starting off slow, auctioning off seven NFTs that are part of the “grails” collection, which it describes as “some of the highest quality and rarest works.”
Including: zombie CryptoPunk #6649, Autoglyph #187 from Larva Labs, and Dmitri Cherniak’s artwork “Golden Goose.”
Full Story
Imagine a police impound auction...you got it?
Ok, now:
Imagine that instead of buying a lifted hummer with bulletproof glass that was once owned by the cartel, you're buying NFTs.
This story is kind of like that.
Sotheby’s auction house will be selling off a digital artwork collection previously owned by the collapsed crypto hedge fund Three Arrows Capital (aka 3AC).
...and the collection is a DOOZY!
The estimated minimum value?
3,373.655 ETH (or $6,474,414.76).
But for now, Sotheby's are starting off slow, auctioning off seven NFTs that are part of the “grails” collection, which it describes as “some of the highest quality and rarest works.”
Including: zombie CryptoPunk #6649, Autoglyph #187 from Larva Labs, and Dmitri Cherniak’s artwork “Golden Goose.”
Unfortunately, unlike a police impound auction, these aren't likely to sell at bargain basement prices.