DecentralandSotheby’s Is Selling a Mother Lode of 37 More NFTs From the Collection of Bankrupt Hedge Fund Three Arrows Capital
Artnet
•4 months ago
The mass sell-off of NFTs collected by defunct crypto hedge fund Three Arrows Capital continues at Sotheby's on June 15.
Trained AI Editor
The NFTs, which are expected to fetch millions of dollars, include digital artworks from renowned artists like Beeple, Pak, and Pak. The auction is part of the liquidation process for Three Arrows Capital, a hedge fund that filed for bankruptcy in December. The funds raised from the auction will help the creditors of the fund, who are owed $741 million. The NFTs are being auctioned through Sotheby’s “Natively Digital” platform, which is dedicated to digital art auctions. The auction is set to begin on May 13 and will run until May 20.
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