Dmitri Cherniak’s ‘The Goose’ NFT was sold by Sotheby’s from 3AC collection for $6.2M.
The auction house Sotheby’s has sold a piece of digital artwork from the collection of the collapsed crypto hedge fund Three Arrows Capital (3AC) for more than $6 million. Dmitri Cherniak’s artwork ‘The Goose’ sold for about $5.4 million plus Sotheby’s premium fees, totaling just over $6.2 million. The non-fungible token (NFT) artwork was part of 3AC’s digital portfolio assembled in 2021. Su Zhu and Kyle Davies, co-founders of 3AC, purchased ‘The Goose’ for 1,800 Ether (ETH), roughly $5.8 million at the time, in August 2021.
Thesis: we like the Goose. pic.twitter.com/RBI9Axuvac
— 朱溯 (@zhusu) August 27, 2021
Sotheby’s auctioned other pieces from the collection, including CryptoPunks #291, #6574 and #8950, as well as Autoglyph #218 from Larva Labs. Social media reports suggested the Punks sold for between $75,000 and $90,000 each.
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As one of the first major auction houses to launch a dedicated marketplace for digital artwork and NFTs in 2021, Sotheby’s has sold many pieces relevant to crypto users for millions of dollars. An NFT of the first tweet from former Twitter CEO Jack Dorsey has passed through the auction house, as well as the original manuscript of the book that coined the term “metaverse”.
In the past, 3AC was a leader in the crypto space but went bankrupt due to the 2022 market crash. The whereabouts of Su Zhu and Kyle Davies have since been largely unknown. In April, the duo backed the launch of a new exchange — OPNX — which claimed to “help the industry” amid the collapse of platforms such as FTX and Celsius. However, disgruntled 3AC investors have continued to target the pair through various court procedures in the United States and abroad.
