Sotheby's sale of 37 NFTs from the Grails collection brought in nearly $11 million, with all works surpassing their estimates. RosiePerper reports:
The live auction took place in New York and included pieces from. In total, there were 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Jeff Davis and more.
Highlights from this lot included Dmitri Cherniak's Ringers #879 , which was estimated to sell for $2-3 million. After back-and-forth bidding, it ended up selling for . In a tweet following the sale, Sotheby's reported it was the second-highest sale of all time for a work of generative art."The Goose" in August 2021 for about 1,800 ETH – worth roughly $5.8 million at the time. Micahel Bouhanna, Sotheby's head of digital art and NFTs, told CoinDesk that the piece is a major highlight of Cherniak's portfolio and"one of the most significant works from the generative art movement.
Other highlights included Tyler Hobbs' Fidenza #479, which sold for $622,300, Snowfro's Chromie Squiggle #1780, which sold for $635,000, Larva Labs' Autoglyph #218 and Kjetil Golid's Archetype #397, both of which sold for $330,200 each.Last month, Sotheby's began its multi-part sale of NFTs from Three Arrows' extensive NFT collection, formed as part of 3AC's asset portfolio primarily in 2021.
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