NFTs belonging to the bankrupt crypto hedge fund Three Arrows Capital (3AC) have been sold by Sotheby’s in New York.
In an auction on Friday, the first lot of 3AC NFTs sold for a total of over 2,482,850 USD. The funds will be used to help repay the company’s creditors.
Cryptopunks and BAYC NFTs Among Three Arrows Collection
Prior to filing for bankruptcy in July 2022, 3AC had amassed an impressive collection of NFTs.
In February, the insolvent fund’s liquidator, Teneo, published a full list of the non-fungible tokens that it intends to sell. Items the fund held include rare digital artworks by Joshua Bagley, Dmitri Cherniak, and Tyler Hobbs. It also owned several Cryptopunks, a Cryptokitty, and a Bored Ape Yacht Club (BAYC) NFT.
In Friday’s auction, Sotheby’s curated a collection of artworks from Hobbs’ Fidenza project, Cherniak’s Ringers collection, and Larva Labs’s pioneering NFTs, including Autoglyph #187 and…
