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Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors

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 auct...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors
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 bid to recoup a portion of the $3 billion the collapsed crypto fund owes to creditors....
Read More: Three Arrows Capital's NFT Collection Set for Sotheby's Auction in Attempt to Repay Creditors

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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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