April 20 (Cointime) - Sotheby's, the renowned international auction house, announced to start the auction of a digital artwork collection that was previously owned by the collapsed crypto hedge fund Three Arrows Capital (3AC).

According to the announcement, pieces to be auctioned include Dmitri Cherniak’s Ringers #879 (also called “The Golden Goose”), Snowfro’s full spectrum Chromie Squiggle #1780, Tyler Hobbs’ small-scale Fidenza #725, Larva Labs’ Zombie CryptoPunk #6649 and Autoglyphs.The collection also boasts iconic works such as a Cube Archetype #397 by Kjetil Golid and, a one-of-one by Alpha Centauri Kid. The firm says  these works - and the Collection as a whole - "represent some of the very best of the Contemporary Digital Art and Generative era". 

“Collections are often representative of the time and the place from which they were formed, telling a unique story through their artworks. This expansive collection marks an important moment in the rise of generative art on the blockchain in 2021, and was guided by the 3AC ethos of acquiring the some of the highest quality and rarest works available on the market. Since that defining moment, when digital art and NFTs became a genuine pop culture phenomenon, generative art has continued to gain attention from a growing audience, including from major international institutions. The emergence of this collections marks a significant opportunity for collectors to celebrate the pioneering generative artists who helped bring the form to this wider audience, and who continue to push for form forward.” says Michael Bouhanna, Sotheby’s Head of Digital Art and NFTs.