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Plus, a Satoshi AI chatbot & Ringer worth $3 million
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Sotheby’s Ringer gets $3M estimate 🦢
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Our floor price index tracks the biggest, most influential pfp projects, art collections, and gaming assets.
1. Ringers #879 (The Goose) gets valued at $3 million by Sotheby’s
Gm and happy Friday! It’s a big month for web3, with Hong Kong opening back up to retail crypto investing and Memeland expected to launch the presale for its $MEME token.
Also happening in June – Sotheby’s is back to sell more of the treasure trove of NFTs belonging to collapsed crypto hedge fund 3AC.
After the first round of sales last month netted $2.5 million, GRAILS: Part II will be a live auction taking place in New York on June 15 at 4 PM EST.
Last time, just 7 NFTs were included in the auction – but with 37 up for sale this round, Sotheby’s is calling Part II the “largest ever live auction of digital art.” 👀
What’s the highlight of the sale? It’s Ringers #879, otherwise known as The Goose – The most recognizable Ringer and an iconic piece of gen art.
3AC bought The Goose for 1800 ETH (or 6 million bucks) at the height of the last bull market in August 2021.
Bearing in mind current market conditions, where many collections are down 70-90%, Sotheby’s doesn’t think they’ll break even. But it is valuing The Goose at an eye-catching $2 - 3 million.
Ringers by Dmitri Cherniak is a generative art collection, created by an algorithm that wraps “strings” around “pegs” in random combinations.
What makes #879 so special beyond its sale history? It’s because …it’s the only one that looks like a goose? 🤷♀️ 😂
IDK. Tweet us if you know what makes “The Goose” the grail of Ringers!
Also in the auction and valued in the hundreds of thousands: several Fidenzas, Chromie Squiggles, Archetypes, and Autoglyphs.
See more: Here’s the wallet containing the remaining GRAILs collection