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Sotheby’s, a British auction house, is preparing to sell a collection of non-fungible Bored Ape Yacht Club tokens that belonged to the defunct Three Arrows Capital.
Four NFTs are included in this collection: BAYC #8552; two Mutant Ape Boat Club NFTs (MAYC); and Bored Ape Kennel Club NFTs (BAKC #7075). These NFTs are distinguished by their gold and fur traits.
OpenSea’s data shows that the number of ships in the world has increased by a third. BAYC #8552 The floor price is 12.1 ETH which is equivalent to more than $45,800. According to sources from X, this NFT was purchased by 3AC in 2021 at 95 ETH. This NFT’s value then was over $420,000. BAKC #7075, which is worth approximately $50,000 was purchased for 11 ETH. The two MAYC NFTs cost about $420,000. “magically created.”
Michael Bouhanna, Sotheby’s VP and Head of Digital Art & Contemporary Art Specialist, posted An image of BAYC 8552 is shown on X. “This 2021 relic will come up at auction in a few days. Let’s see where this is going today.”
Although the Sotheby’s auction page has not been updated yet, the auction will begin on 18 June.
The auction of assets belonging to 3AC is not the only time Sotheby’s has done so. 3AC was a Singapore-based cryptocurrency hedgefund that had been ordered liquidated in 2022.
Sotheby’s will introduce “GRAILS” is a collection 3AC’s significant NFTs over time. In a report from 2023, it was revealed that part 1 of the auction for “GRAILS” Nearly $2.5 million in sales.
It featured digital works by CryptoPunks Tyler Hobbs Larva Labs.
Sotheby’s will continue to offer artworks that were purchased from the hedge fund bankrupt in June of 2023. second part of the auctionThe event raised almost $11 million.
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Source: blog.cryptoflies.com