Non-fungible tokens previously owned by collapsed crypto hedge fund Three Arrows Capital set a new auction record in New York.
A digital collection of 37 artworks previously owned by Three Arrows Capital fetched nearly $11 million at Sotheby’s in New York, marking a new auction record for works sold as non-fungible tokens (NFT).
Included in the collection is Canadian artist Dmitri Cherniak’s «Ringers #879», also known as «The Goose», which sold for $6.2 million. This is the second most valuable generative artwork ever sold, according to Sotheby’s, behind another piece by Cherniak.
This follows a $2.5 million sale of another batch of NFTs owned by Three Arrows a few weeks ago at Sotheby’s. The formerly Singapore-based crypto hedge fund filed for bankruptcy in July 2022 and owes over $3 billion to creditors.
