{"id":7368,"date":"2023-05-20T06:40:35","date_gmt":"2023-05-20T06:40:35","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/20\/sothebys-sells-bankrupt-3acs-grails-collection-for-2-4-million\/"},"modified":"2023-05-20T06:40:35","modified_gmt":"2023-05-20T06:40:35","slug":"sothebys-sells-bankrupt-3acs-grails-collection-for-2-4-million","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/20\/sothebys-sells-bankrupt-3acs-grails-collection-for-2-4-million\/","title":{"rendered":"Sotheby&#8217;s Sells Bankrupt 3AC&#8217;s Grails Collection for $2.4 Million!"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Sotheby\u2019s recently concluded a successful auction of rare Grail NFTs from the expansive collection of bankrupt crypto hedge fund Three Arrows Capital (3AC). The result? $2,482,850! The auction was part of Sotheby\u2019s multi-part sale dedicated to these unique digital assets. So, which of the NFTs sold?<\/p>\n<figure id=\"attachment_104608\" aria-describedby=\"caption-attachment-104608\" style=\"width: 606px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-104608\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-20-at-4.35.51-pm.png\" alt=\"two artworks from the 3AC Grails collection - Fidenza and Autoglyph \" width=\"606\" height=\"340\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-20-at-4.35.51-pm.png 606w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-20-at-4.35.51-pm-300x168.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-20-at-4.35.51-pm-100x56.png 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-20-at-4.35.51-pm-150x84.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-20-at-4.35.51-pm-450x252.png 450w\" sizes=\"(max-width: 606px) 100vw, 606px\"\/><\/noscript><figcaption id=\"caption-attachment-104608\" class=\"wp-caption-text\">L: Autoglyph #187; R: CryptoPunk #1326<\/figcaption><\/figure>\n<h2><span id=\"The_3AC_Grails_Collection_A_Closer_Look\">The 3AC Grails Collection: A Closer Look<\/span><\/h2>\n<p>The Grails collection, amassed primarily in 2021 as part of 3AC\u2019s asset portfolio, has been described by Sotheby\u2019s as<em> \u201csome of the most significant digital artworks ever assembled.\u201d.<\/em>\u00a0 Therefore, it\u2019s no surprise that \u00a0the auction included impressive generative art pieces from renowned artists. Notable works included <a href=\"https:\/\/nftevening.com\/tyler-hobbs-who-is-the-nft-artist-behind-fidenza\/\" target=\"_blank\" rel=\"noopener\">Tyler Hobbs\u2019<\/a> Fidenza #725 and Dmitri Cherniak\u2019s Ringers #375, alongside Larva Labs\u2019 Autoglyph #187 and <a href=\"https:\/\/nftevening.com\/what-are-cryptopunks-meet-the-first-nft-project-ever-created\/\" target=\"_blank\" rel=\"noopener\">CryptoPunk<\/a> #1326.<br \/>Sotheby\u2019s carefully selected seven generative artworks for this round of the auction. However, Sotheby\u2019s did not sell the entire collection. Other 3AC artworks will be released in future chapters. The sales could occur privately, or through auctions. So, this is exciting news for collectors and enthusiasts!<\/p>\n<h2><span id=\"The_Highest_Selling_NFTs\">The Highest Selling NFTs<\/span><\/h2>\n<p>The highest-priced NFTs in Part 1 of the Grails collection were Fidenza #725 and Autoglyph #187. Fidenza #725, estimated to sell for $120,000-$180,000, fetched an impressive $1,016,000 at the auction. Autoglyph #187, with a similar estimated value, sold for $571,500. These substantial prices reflect the value and desirability of these rare digital artworks.<\/p>\n<p>Valuing these NFTs can be a complex task. Valuation involves factors such as previous sales of similar assets, market conditions, and the unique rarity traits of each collection. Deep NFT Value, a machine learning tool specializing in analyzing high-value NFTs, estimated Fidenza #725 to be worth approximately 184.4 ETH. At the time of writing, this is equivalent to around $335,000. Furthermore, Deep NFT valued Autoglyph #187 at 205.7 ETH, or about $373,800. However, it\u2019s important to note that the estimates are often intentionally conservative. This encourages bidding and ensures competitive prices.<\/p>\n<p>Finally,<a href=\"https:\/\/www.sothebys.com\/en\/series\/grails-property-from-an-iconic-digital-art-collection\" target=\"_blank\" rel=\"noopener\"> Sotheby\u2019s successful auction of 3AC\u2019s rare NFTs<\/a> not only generated significant revenue but also showcased the growing prominence and value of digital art. It will be intriguing to see what future chapters of the Grails collection, and also other NFT auctions, have in store for collectors and investors alike.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/sothebys-sells-bankrupt-3acs-grails-collection-for-2-4-million\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sotheby\u2019s recently concluded a successful auction of rare Grail NFTs from the expansive collection of bankrupt crypto hedge fund Three Arrows Capital (3AC). The result? $2,482,850! The auction was part of Sotheby\u2019s multi-part sale dedicated to these unique digital assets. So, which of the NFTs sold? L: Autoglyph #187; R: CryptoPunk #1326 The 3AC Grails [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-20-at-4.35.51-pm.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/7368"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=7368"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/7368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/7369"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=7368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=7368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=7368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}