Sotheby’s Sells More NFTs From 3AC’s Grails Collection

The sale of Three Arrows Capital’s (3AC) NFT collections continues. Auction house Sotheby’s has moved to put more NFTs up for sale from 3AC’s Grails collection, The Block reports. NFT enthusiasts will have the chance to pick up various pieces from the Grails collection of the defunct crypto hedge fund 3AC.

Sotheby’s will auction 37 Grails NFTs next month. This sale will go on record as the auction house’s largest digital art auction. The revenue from the sales is expected to exceed $5 million. These NFTs were confiscated as part of 3AC’s bankruptcy process. The company still has many customers to which it owes money.

Sotheby’s announced that the current sale will include NFTs created by artists like Larva Labs, Tyler Hobbs and Dmitri Cherniak. Sotheby’s made the following statement in its statement:

This one-of-a-kind collection celebrates the artists who are helping to bring digitally local art to the fore and innovative approaches to NFTs and digital art into the cultural mainstream.

The sale of 3AC’s Grails collection will take place on June 15. At the beginning of May, various pieces from the Grails collection were also put up for auction. Sotheby’s has auctioned the NFT group, which includes Tyler Hobbs’ NFT named Fidenza #725, for $2.5 million. Sotheby’s manager Michael Bouhanna emphasized that the Grails collection is a well-known collection in the digital art world.