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Free Holdings Inc. v. McCoy et al
Case Number:
1:22-cv-00881
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March 20, 2023
Ownership Claim Over NFT Sotheby's Sold For $1.5M Tossed
A New York federal judge dismissed a Canadian entity's lawsuit claiming to own Quantum, a digital artwork certified by a non-fungible token that Sotheby's sold for $1.47 million, saying on Friday it appeared the litigation is an "attempt to exploit open questions of ownership in the still-developing NFT field."
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February 02, 2022
Sotheby's Had No Right To Sell $1.5M NFT, Suit Says
A Canadian entity claiming to own Quantum, a non-fungible token believed to be the first of its kind, alleged in New York federal court that Sotheby's wrongly marketed the NFT's ownership in an auction where the artist sold the work for $1.47 million.