Dmitri Cherniak’s ‘The Goose’ NFT Fetches $6.2M at Sotheby’s

Share This Post

Dmitri Cherniak‘s Ringers #879 — an illustrious NFT artwork known as ‘The Goose’ — hit an all-time high during Sotheby’s live auction yesterday, fetching a jaw-dropping $6.2 million.

Quick Takes: 

  • During yesterday’s Sotheby’s auction, Cherniak’s Ringers #879 NFT sold for $6.2 million.
  • NFT trader and digital art fanatic ‘Punk6529’ won the intense bidding, earning applause and acclaim.
  • As a creative beacon, the high sale of The Goose highlights the potential of NFTs and generative art.
the goose NFT sothebys

The Goose’s Record-Breaking Sale

Previously acquired by the bankrupt hedge fund Three Arrows Capital (3AC), Ringers #879 has an extensive history. As such, experts initially predicted that the NFT would command a price of approximately $2-3 million at yesterday’s Sotheby’s auction. However, vigorous bidding drove the price to greater heights.

Renowned NFT investor known as ‘Punk6529’ secured The Goose for a hammer price of $5.3 million, fully owning the iconic piece for a staggering $6.2 million. The sale was met with thunderous applause, captured by spectator Garret Skrovina:

Post-auction, Sotheby’s confirmed that this transaction claims the title of the second-highest sale ever recorded for a generative art piece.

Alongside Ringers #879, the auction showcased 37 NFT works by other notable generative artists such as Tyler Hobbs, Jeff Davis, and others. Impressively, nearly all of these assets auctioned exceeded their presumed valuations.

The NFT’s Emblem of Significance 

The Goose has an influential path in NFT history, previously acquired by 3AC co-founders Kyle Davies and Su Zhu in August 2021 for $5.66 million worth of ETH as part of their Starry Night Capital fund.

The artwork’s rise to fame is attributed to numerous factors. Foremost among its recognition is standing out as a pinnacle in Cherniak’s body of artwork and a benchmark in the archives of the generative art movement.

Cherniak’s creative insight and the pioneering nature of generative art has driven The Goose to become a digital art legend. The digital asset serves as inspiration and a benchmark for future collectors and artists embarking through the dynamic realm of blockchain-powered digital art.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT drops, releases, reviews, and more.

spot_img

Related Posts

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Related Posts

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...

CoinGecko vs CoinMarketCap: Which Is The Better Crypto Tracker?

CoinMarketCap and CoinGecko are two of the most popular...

The Ultimate Guide to NFT for Dummies [2022 Guide]

NFTs are collectible items that can represent digital content,...

Top 5 Most Expensive CryptoPunks NFTs and Reasons Why

CryptoPunks' unique attributes sell for six digits or more CryptoPunks,...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

Get Ready to Rep Your Team With NFL Rarity League NFTs

Purchase an NFL Rarity League NFT to score high...