Sotheby’s hosts record $6.2m NFT sale
Sotheby’s latest auction sets a new record , a testament to the resilience and dynamism of the NFT art market. The star of the show, Dmitri Cherniak’s artwork, known widely as “The Goose,” flew off the auction block for an astounding $6.2 million. The tale of “The Goose” is as captivating as the artwork itself. It first rose to prominence when it was snapped up by Three Arrows Capital, a now-defunct cryptocurrency hedge fund. Back in 2021, the company shelled out an eye-watering $5.66 million in ETH for this masterpiece. But the glory was short-lived. With the hedge fund’s abrupt closure, the Starry Night Capital fund’s assets were thrust into the hands of liquidators, and “The Goose” landed at Sotheby’s as part of the aptly named “Grails” collection. The initial estimates for “The Goose” fell between $2 million and $3 million. But as the hammer came down, the generative artwork fetched a staggering $5.4 million, breaking record s and surpassing...