Sotheby's Second 3AC NFT Sale Nets $10.9M, With 'The Goose' Alone Netting $6.2M
Ringers #879, a seminal NFT artwork often referred to as "The Goose," far outpaced estimates and sold for $6.2 million.
On Thursday, Sotheby's concluded another sale of non-fungible token (NFT) artwork seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), bringing in over $10.9 million in sales.
The live auction took place in New York and included pieces from the "Grails" collection. In total, there were 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Jeff Davis and more.
Highlights from this lot included Dmitri Cherniak's Ringers #879 (often referred to as "The Goose"), which was estimated to sell for $2-3 million. After back-and-forth bidding, it ended up selling for $6.2 million to notable NFT investor 6529. In a tweet following the sale, Sotheby's reported it was the second-highest sale of all time for a work of generative art.