Sotheby's, a renowned auction house, is set to host a significant event on June 18, as a collection of Non-Fungible Tokens (NFTs) previously owned by the now-bankrupt hedge fund, Three Arrows Capital, goes under the hammer. The collection includes a rare Golden Ape BAYC, two MAYC, and one BAKC, all of which are highly sought-after digital assets.

Three Arrows Capital, a prominent hedge fund, had invested heavily in NFTs, and its liquidator had previously stated plans to sell a large batch of these digital assets to offset some of the fund's losses. The upcoming auction represents a significant development in the ongoing liquidation process of the defunct hedge fund.

The auction is expected to attract a wide range of bidders, including collectors, investors, and enthusiasts of digital art. The NFTs up for auction are highly valuable, with the Golden Ape BAYC being a rare and highly sought-after digital asset. The auction is expected to generate significant interest and attention, as it marks a significant step in the liquidation process of Three Arrows Capital.

The liquidation of Three Arrows Capital's assets is a complex and ongoing process, with the fund's creditors and stakeholders working to recover as much value as possible from the remaining assets. The auction of the NFT collection is a significant development in this process, as it represents a tangible asset that can be sold to offset some of the fund's debts.

In conclusion, the auction of Three Arrows Capital's NFT collection at Sotheby's on June 18 marks a significant step in the liquidation process of the defunct hedge fund. The collection includes highly valuable digital assets, and the auction is expected to attract a wide range of bidders. The outcome of the auction will be closely watched by the cryptocurrency and NFT communities, as it will provide insight into the value of these digital assets and the ongoing liquidation process of Three Arrows Capital.