2 years ago
Su Zhu and Kyle Davies primitively purchased 'The Goose' integer artwork successful August 2021 for astir $5.8 cardinal successful Ether.
29 Total views
1 Total shares
Sotheby’s auction location has sold a portion of integer artwork from the postulation of collapsed crypto hedge money Three Arrows Capital (3AC) for much than $6 million.
According to auction records updated June 15, Dmitri Cherniak’s artwork ‘The Goose’ sold for astir $5.4 cardinal successful summation to Sotheby’s premium fees, totaling conscionable implicit $6.2 million. The nonfungible token (NFT) artwork was portion of 3AC’s integer portfolio assembled successful 2021. 3AC co-founders Su Zhu and Kyle Davies purchased ‘The Goose’ successful August 2021 for 1,800 Ether (ETH), astir $5.8 cardinal astatine the time.
Thesis: we similar the Goose. pic.twitter.com/RBI9Axuvac
— 朱溯 (@zhusu) August 27, 2021Among the different pieces successful the postulation being auctioned by Sotheby’s included CryptoPunks #291, #6574 and #8950 and arsenic good arsenic Autoglyph #218 from Larva Labs. Reports connected societal media suggested the punks sold for betwixt $75,000 and $90,000 each.
As 1 of the archetypal large auction houses to motorboat a dedicated marketplace for integer artwork and NFTs successful 2021, Sotheby’s has sold galore pieces applicable to crypto users for upwards of millions of dollars. An NFT of the archetypal tweet from erstwhile Twitter CEO Jack Dorsey has passed done the auction house, arsenic good arsenic the archetypal manuscript of the publication that coined the word 'metaverse'.
Related: Sotheby’s relaunch Glitch integer creation sale, newbie gamer uncovers $49K NFT and more
3AC went bust amid the 2022 marketplace crash, and Zhu's and Davies' whereabouts person since been mostly unknown. In April, the duo backed the launch of a caller speech — OPNX — which claimed to beryllium aimed astatine “help[ing] the industry” amid the illness of platforms including FTX and Celsius. However, disgruntled 3AC investors person continued to target the brace done assorted tribunal procedures successful the U.S. and abroad.
English (US) 