Liquidators to Sell 3AC NFT Collection

The NFT collection assembled by the bankrupt crypto hedge fund 3AC will be put up for sale. This was объявил by the liquidator of the entity, the consulting firm Teneo.

The firm said that asset auctions will begin within 28 days of publication of the notice, but in any case after March 23, 2023.

The sale decision does not relate to the Starry Night Capital NFT gallery. This portfolio of tokens was assembled for 3AC by a collector under the pseudonym Vincent Van Dough. In November 2022, the latter was forced to hand over more than 300 NFTs to Teneo, The Block noted.

The liquidator noted that their fate is still being considered by a court in the Virgin Islands.

The collection that Teneo will put up for sale is valued by Zerion at roughly $6.4 million at base prices.

In August 2021, the hedge fund заплатил 1800 ETH for NFT Ringer #879 by Dmitri Cherniak — more than $5.6 million at the time.

The creator of the token confirmed that the digital work titled “Goose” is among the assets to be sold by the liquidator.

The Goose is being liquidated https://t.co/aYPfpgFq7v

— Dmitri Cherniak (@dmitricherniak) February 23, 2023

According to Zerion, the Goose’s base price is currently 32 ETH (~$53,277). The best offer from buyers on OpenSea corresponds to that.

NFT Autoglyph #218 cost the company 255 ETH in 2021 (~$627,300 at the time of purchase). The maximum current offer for the asset составляет 10 ETH or $16,604.

Earlier, in June 2022, a Virgin Islands court ordered the liquidation of 3AC. In July, the firm filed in the United States for bankruptcy protection.

According to court documents, the total debt of the insolvent hedge fund amounted to $3.5 billion.