In a recent high-profile event, Sotheby’s auction house has successfully auctioned off a significant piece of digital artwork from the 3AC collection. The artwork, known as ‘The Goose,’ was created by Dmitri Cherniak and fetched a staggering $6.2 million.
The 3AC Collection
The 3AC collection, previously owned by the now-defunct crypto hedge fund Three Arrows Capital, has been a focal point for collectors and investors in the NFT space. The Goose was a standout piece in this collection, originally purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for approximately 1,800 Ether (ETH), equivalent to around $5.8 million at the time.
The Auction
The auction records, updated on June 15, reveal that The Goose sold for roughly $5.4 million. When combined with Sotheby’s premium fees, the total sale price exceeded $6.2 million. This sale underscores the growing interest and investment in NFT artwork, particularly pieces from renowned creators like Dmitri Cherniak.
The Impact
The Goose’s sale at Sotheby’s NFT auction not only marks a significant moment for the 3AC collection but also highlights the increasing value and demand for digital artwork in the crypto market. The sale price of over $6.2 million demonstrates the potential for high-value NFT sales and the continued growth of this digital asset class.