3AC liquidators to sell firm's NFTs to realize value amid bankruptcy

cointelegraph.com:

Nonfungible tokens (NFTs) belonging to the bankrupt hedge fund Three Arrows Capital (3AC) will be sold by its liquidators Teneo, according to a recent announcement. 

In a notice dated Feb. 22, Joint Liquidator Christopher Farmer announced that the liquidators are intending to begin the sales of NFTs that belong to 3AC. The announcement highlighted that the sale will be done to “realize the value of the NFTs for the purposes of the liquidation.” According to the announcement, the sales will begin 28 days after the notice.

Within the announcement, the liquidators clarified that it will not include the list of NFTs that are informally dubbed as the “Starry Night Portfolio.” On Oct. 5, 300 NFTs from 3AC subsidiary Starry Night Capital were moved as part of 3AC's bankruptcy proceedings. The liquidators highlighted that these NFTs are currently subject to an application before the a supreme court in the British Virgin Islands.

NFTs previously collected by Starry Night Capital are moving to a Gnosis Safe address.These NFTs include:- Pepe the Frog NFT Genesis, sold for 1,000 ETH (~$3.5M) on Oct 5, 2021- Fidenza #718, sold for 240 ETH (~$1.1M) on Nov 13, 2021Some other notable NFTs below pic.twitter.com/8PU13CqMnn

While the notice did not mention which NFTs will be sold, analyst Tom Wan pointed out on Twitter which NFTs could potentially be sold by the liquidators. According to Wan, the NFTs can include some high-profile pieces. He tweeted: 

3AC Liquidator, Teneo announced they will be selling their NFT Holdings (Excluding the StarryNight Portfolio) Potential NFTs Being Sold:- 11 Punks- 1 BAYC- 2 MAYC- 3 Otherdeeds- 3 Autoglphys- 8 PEGZTeneo & 3AC NFT Portfolio @DuneAnalytics :https://t.co/J5DK1KQFhH

In the midst of the 3AC bankruptcy