A generative #NFT artwork was sold for $6.2 million

Dmitri Cherniak's NFT artwork, "Ringers #879" (also known as "The Goose"), sold for an impressive $6.2 million at Sotheby's auction house in New York City. The sale exceeded expectations and set a new record for generative art.

Originally acquired for about $5.8 million by 3AC co-founders Su Zhu and Kyle Davies, the piece was part of the "Grails" collection seized from the bankrupt crypto hedge fund. The intense bidding war culminated in the artwork being purchased by prominent NFT investor 6529. Sotheby's hailed it as a significant work in the generative art movement and the second-highest sale ever for this genre.