Sotheby's will hold sales of the "Grails" art collection, consisting of NFT artworks belonging to bankrupt crypto hedge fund Three Arrows Capital and its NFT-purchasing fund Starry Night Capital. The collection includes pieces from prominent NFT artists and projects, such as Larva Labs' Zombie CryptoPunk and Dmitri Cherniak's The Golden Goose. The collection will be released in chapters across various sales formats, from private sales to auctions, in multiple locations globally. Singapore-based Three Arrows Capital filed for Chapter 15 bankruptcy last year, owing over $3 billion to its creditors. In February, Three Arrows Capital's US-based liquidator Teneo said it plans to sell NFTs owned by the company with an estimated value of $22 million at the time of the bankruptcy filing. (forkast)
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Sotheby’s to Auction Off NFTs Owned by Defunct Hedge Fund Three Arrows Capital
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