The $11M NFT Auction and Snoop Dogg’s Evolving Collection
Sotheby’s held a live auction of NFTs from its “Grails” collection, made up of high-value NFTs seized from bankrupt crypto hedge fund Three Arrows Capital. The sale featured hotly-anticipated works like Dmitri Cherniak’s “The Goose” and brought in almost $11 million. Snoop Dogg released a dynamic NFT collection tied to his upcoming music tour while the ApeCoin community debated whether it made sense to pay each of its Special Council members $20,833 a month.
Auction house Sotheby's concluded a spirited live auction of NFT artwork seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), this time bringing in over $10.9 million in sales. Dozens attended the live auction that took place in New York and included pieces from the "Grails" collection. In total, there were 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Snowfro and more. The auction comes at a time of slower movement in the NFT market and smaller-figured sales of blue-chip NFTs compared to the height of the NFT boom. The impressive sales figures suggest that collectors still have an appetite for high-end digital collectibles.
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