NETTING $6.2M

Summary from the TLDR Crypto newsletter

Sotheby's capped off its Grails auction of the NFT portfolio seized from the bankrupt crypto hedge fund, 3AC, and the auction brought in over $10.9 million in sales overall. The highlight was Dmitri Cherniak's Ringers #879, ‘The Goose’, which sold for $6.2 million after fees, marking it as the second-highest sale ever for a generative artwork. The multi-part sale of NFTs from 3AC's collection has so far raised nearly $17 million. Most of the pieces were acquired during the NFT bull run of 2021, and the proceeds from their sale are being used to recoup funds following 3AC's bankruptcy.