Sotheby’s revealed on Friday that seven non-fungible tokens from the collapsed cryptocurrency hedge fund Three Arrows Capital had sold for around $2.5 million.
“Fidenza #725,” a piece with geometric dashes and curves in a soft palette of cream, yellow, pink, and black, was the most expensive of the tokens, costing more over $1 million. According to DappRadar, Three Arrows Capital purchased it in 2021 for 135 ether, which was approximately $341,786 at the time.
The transaction was part of the process of liquidating Three Arrows, according to a February filing from Teneo, one of the court-appointed liquidators.
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