A digital art collection previously owned by the collapsed cryptocurrency hedge fund Three Arrows Capital has brought in almost $11mn at Sotheby’s in New York, setting a new auction record for works sold as non-fungible tokens despite a broader downturn in demand for similar assets.
The 37 artworks, which bidders could pay for with cryptocurrency, included Dmitri Cherniak’s Ringers #879, known as “The Goose”. It sold for $6.2mn to enthusiast @punk6529, which the auction house said made it the second most valuable work of generative art ever sold, behind another of Cherniak’s works.
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