Auction of NFT from 3AC’s collection generated a total of $2.5 million.
Indeed, Sotheby’s recently held an auction of 7 NFTs from the collection of the bankrupt fund 3AC, including works such as Fidenza, Autoglyph and CryptoPunk. The sale brought in almost $2.5 million.
A total of 7 non-fungible tokens were offered for sale. An NFT from the valuable Fidenza by Tyler Hobbs collection, Fidenza #725, sold for just over a million dollars. At the time (in 2021), 3AC had acquired it for around $350,000.
The sale also included NFTs from other popular series, including CryptoPunk, Autoglyph and Ringers. A second Fidenza (#861) sold for $241,000.
Proceeds from the sale will be used to pay off creditors of the former Singapore-based crypto fund. The liquidators chose to partner with Sotheby’s to maximize the chances of selling the NFTs at high prices.
The New York-based auction house plans to hold further sales as part of Operation GRAILS. Earlier this month, Sotheby’s also announced the launch of “Sotheby’s Metaverse Marketplace”, a secondary market platform for art-related NFT.