KEY POINTS
Sotheby’s has concluded its fifth auction of non-fungible tokens (NFTs) that once belonged to the now-defunct Three Arrows Capital (3AC), achieving nearly $1 million in total sales.
The auction, which started on June 18 and concluded on June 25, featured high-quality NFT artworks from popular collections, individual creators, and rare pieces that had not been widely available on the public market.
One of the top highlights was a set of four gold fur Bored Ape Yacht Club (BAYC) NFTs. Among them, #8552 fetched the highest lot selling price at $264,000. The other three sold for prices ranging between $3,000 and $28,800.
Another significant sale included five Pudgy Penguins NFTs — #6869, #7435, #6175, #2036, and #8749 — which collectively brought in $151,200.
The auction also featured notable works by Dmitri Cherniak, Rare Pepes, and Sakura Diner.
Overall, the auction garnered a total of $975,240, making it the second-highest NFT auction sale ever conducted by Sotheby’s.
The highest NFT sale by Sotheby’s occurred last year, also involving NFTs from the bankrupt hedge fund 3AC, and totaled $11 million. A standout piece from that auction was Dmitri Cherniak’s Ringers #879 (The Goose) NFT, which sold for $5.4 million.
This latest auction adds to Sotheby’s record of significant digital art sales. In 2023, the British auction house reported $35 million in digital art sales for the year, with NFTs playing a major role.
