Source: A screenshot, Instagram/ Sothebys Sotheby’s, the renowned auction house with a rich history spanning 279 years, has made a significant impact on the digital art market in the current year. Fine arts auction house Sotheby’s reported making “close to $35 million” in digital art sales in 2023, marking it as a standout year for…
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Sotheby’s, the world’s oldest fine art auction house, recently declared its intention to conduct an auction featuring Bitcoin-based Ordinal inscriptions, marking a first in the auction house’s history. This online event is set to commence in December at Sotheby’s New York, where an exclusive selection of “Bitcoinshrooms” from the Shroomtoshi’s Ordinals collection will be on…
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Auction House Sotheby’s has responded to the new allegations leveled against it by Bored Ape investors describing it as opportunistic and simply without merit. The statement comes as the auction house was named in the class action suit against YugaLabs the creators of Bored Ape Yacht Club (BAYC)…. Read More: “Opportunistic and Baseless” – Yuga…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments in Canada, Singaporean Police Arrest Ten Foreigners and Seize Crypto Read…
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Computer-generated non-fungible tokens (NFTs) created by innovative Hungarian artist Vera Molnár sold out for ETH 631. Per the current prices, this is worth $1,178,520. ‘Themes and Variations’ collection was created by the 99-year-old Molnár in collaboration with artist Martin Grasser. According to the auction giant Sotheby’s, the collection “culminates around three letters in particular that…
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Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century. Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby’s Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour. Molnár’s Themes and Variations #1…
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Recent information disclosed by Sotheby’s auction house reveals that the digital collectibles owned by Three Arrows Capital (3AC) were sold for a total of $10.9 million in a New York auction held on June 15. In the aftermath of Luna and TerraUSD cryptocurrencies collapsing, 3AC was the first major crypto firm to file for bankruptcy…
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Sotheby’s, the luxury auction house, successfully generated $2.5 million through the sale of non-fungible tokens (NFTs) from the now-defunct crypto hedge fund Three Arrows Capital (3AC). Among the sold pieces was Fidenza #725, a digital collectible crafted by the artist Tyler Hobbs. This Fidenza #725 NFT commanded an auction price of over $1 million during…
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Three Arrows Capital is currently undergoing bankruptcy proceedings and owes an estimated $3.5 billion to creditors. The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s (3AC) nonfungible tokens (NFT) collection fetched $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza…
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Sotheby’s is preparing to host an auction for a collection of non-fungible tokens (NFTs) seized from now-defunct crypto hedge fund Three Arrows Capital. In a Wednesday press release, Sotheby’s revealed that it would auction the Grails collection, which is comprised of digital artwork that belongs to 3AC and its Starry Night Capital NFT-collecting fund, in a…
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