Auction house Sothebys is preparing to sell an expansive collection of NFTs seized from bankrupt crypto hedge fund Three Arrows Capital. RosiePerper reports:
’ Fidenza #216, Larva Labs’ Zombie CryptoPunk #6649 and Autoglyph #187. The first sales from the collection will take place during Sotheby’s marquee sale week this May in New York.
“Collections are often representative of the time and the place from which they were formed, telling a unique story through their artworks," said Michael Bouhanna, Sotheby's head of digital art and NFTs."This expansive collection marks an important moment in the rise of generative art on the blockchain in 2021, and was guided by the 3AC ethos of acquiring some of the highest quality and rarest works available on the market.
Teneo said in a statement that it chose to partner with Sotheby's digital art team on the sale"because we believe that they bring a best-in-class approach that will ultimately maximize the value of these assets on behalf of all creditors.”
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