.Sothebysverse has concluded its sale of seven rare artworks from 3AC's seized NFT collection, netting over $2.4 million. rosieperper reports
"This meticulously selected collection showcases the works of four leading artists who are pushing the boundaries of contemporary algorithmic art," Sotheby'sIn total, there were seven generative artworks on offer. More NFTs from 3AC's collection will be released in chapters through auctions or private sales in the future.
The highest-priced NFTs from Part 1 of the Grails collection are Fidenza #725, which was estimated to sell for $120,000-$180,000 and Autoglyph #187, which was estimated at $120,000 to $180,000. The NFTs sold for $1,016,000 and $571,500 respectively., a machine learning tool that analyzes high-value NFTs by exploring previous sales of the digital assets, current market conditions and the unique rarity traits of each collection, estimated that Fidenza #725 was worth 184.4 ETH, or about $335,000.
"My understanding is that the estimates are meant to be low so that they get beaten," said Nikolai Yakovenko, CEO of Deep Value NFT, told CoinDesk."In the case of the Ringers and Fidenzas, [Sotheby's] are making an estimate perhaps above the operating floor price, but well below the premium they expect."
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