jones27
New Member
Posts โข 803
Likes โข 104
August 2007
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NFT Art
Mar 20, 2021 12:42:03 GMT 1
NFT Art , by jones27 on Mar 20, 2021 12:42:03 GMT 1, So many people getting on their high horse with crypto art. There is a degree of hypocrisy, just start a thread on 'the value of Banksy' and you will get 5 pages overnight. The urban art market has long gone - any half decent Banksy prints are the price of a terrace house and 75% of which will soon be lost in the far east forever. The rest is a flea market (ie Banksy postcard tat) or artists ripping off artists (Harland Miller gets diluted into Conor Brothers etc. Maybe if the crypto market was priced at ยฃ50 cost with a potential 500% resale things would be more positive on here.
So many people getting on their high horse with crypto art. There is a degree of hypocrisy, just start a thread on 'the value of Banksy' and you will get 5 pages overnight. The urban art market has long gone - any half decent Banksy prints are the price of a terrace house and 75% of which will soon be lost in the far east forever. The rest is a flea market (ie Banksy postcard tat) or artists ripping off artists (Harland Miller gets diluted into Conor Brothers etc. Maybe if the crypto market was priced at ยฃ50 cost with a potential 500% resale things would be more positive on here.
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Skizz 82
Junior Member
Posts โข 1,032
Likes โข 1,018
November 2019
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NFT Art , by Skizz 82 on Mar 20, 2021 14:09:12 GMT 1, ...โChoose a job. Choose a career. Choose a family. Choose a fucking big television. Choose washing machines, cars, compact disc players and electrical tin openers... Choose DIY and wondering who the fuck you are on a Sunday morning. Choose sitting on that couch watching mind-numbing, spirit crushing game shows, stuffing junk food into your mouth. Choose rotting away at the end of it all, pishing your last in a miserable home, nothing more than an embarrassment to the selfish, fucked up brats you spawned to replace yourself, choose your future. Choose life... But why would I want to do a thing like that? I chose not to choose life: I chose something else. And the reasons? There are no reasons. Just NFTs!" ๐คฃ๐คฃWho needs reasons when you've got NFT ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ
...โChoose a job. Choose a career. Choose a family. Choose a fucking big television. Choose washing machines, cars, compact disc players and electrical tin openers... Choose DIY and wondering who the fuck you are on a Sunday morning. Choose sitting on that couch watching mind-numbing, spirit crushing game shows, stuffing junk food into your mouth. Choose rotting away at the end of it all, pishing your last in a miserable home, nothing more than an embarrassment to the selfish, fucked up brats you spawned to replace yourself, choose your future. Choose life... But why would I want to do a thing like that? I chose not to choose life: I chose something else. And the reasons? There are no reasons. Just NFTs!" ๐คฃ๐คฃWho needs reasons when you've got NFT ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ
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jimmyjam
New Member
Posts โข 578
Likes โข 546
October 2019
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NFT Art
Mar 20, 2021 14:19:39 GMT 1
NFT Art , by jimmyjam on Mar 20, 2021 14:19:39 GMT 1, Right now is the height of collecting anything - from NFT to baseball cards. All of them, are at extreme peak prices. Any second hand price for art to cars to watches are over the top right now. There are so a many wealthy people sitting at home trying to spend money anyway they can.
Bascially - NYtimes is screaming this with a new article about it every week. I think when the media starts to report on how hot markets are, is usually when you want to begin your exit strategy out of them before it all collapses or busts.
www.nytimes.com/2021/03/20/style/spending-rich-people.html?action=click&module=Features&pgtype=Homepage
By Jacob Bernstein March 20, 2021, 5:00 a.m. ET Rich people who shopped too much used to be called collectors. Now they โ and those belonging merely to the aspirational class โ are all investors.
Itโs not just that theyโve spent the last year splurging on stakes in untested, newly formed public companies that have yet to produce products, much less profits. Itโs that during the pandemic, seemingly every luxury acquisition has become a so-called alternative asset class.
Rather than elbowing past each other for reservations at the latest restaurants from Marcus Samuelsson and Jean-Georges Vongerichten, or getting into bidding wars for apartments at 740 Park Avenue, they are one-upping each other in online auctions for jewelry, watches, furniture, sports cards, vintage cars, limited-edition Nikes and crypto art.
Bread lines grew longer, Birkin bags got hotter.
A number of retailers were reticent to speak about the trend, stating that they did not wish to be on the record talking about nearly sold out $90,000 earrings during a time of growing wealth inequality. John Demsey, the executive group president of the Estรฉe Lauder Companies, voiced that concern even as he admitted a primary quarantine pastime.
โAll I do is go through watch porn,โ he said. โIโm selling watches, Iโm buying watches. Itโs crazy. I have no reason right now to buy a watch. Iโm at home all day at a computer. Time is staring me right in the face. What reason do I have to look at my wrist? But I want a tangible sign of something, so Iโm looking at watches.โ And many other people are too.
Rolex Day-Dates that sold on the secondary market in 2020 for $30,000 are now going for upward of $50,000 on some resale sites. The Nautilus 5980, a rose gold chronograph sports watch from Patek Philippe that has a retail price of $85,000, can seldom be found on 47th Street for much less than $200,000.
One reason for surging prices, according to Benjamin Clymer, the editor of the watch site Hodinkee, is that โSwitzerland shut down, so demand was there while the supply was dramatically reduced.โ
But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ
Coffee Tables and Porsches
That includes cars, a hobby that began for Mr. Clymer in 2011 and took off in 2015, when a multimillion-dollar strategic investment in Hodinkee helped transform him from blogger to mogul.
In the summer of 2020, Mr. Clymer went searching for a 1973 Porsche 911 Carrera RS.
One had sold shortly before the pandemic through the auction site Bring a Trailer (or BaT, as itโs known) for $560,000 but Mr. Clymer figured it might be a buyerโs market. Perhaps he could get it for less.
He found a beauty from a dealership that hadnโt listed the price on its website. It was in mint condition. Mr. Clymer asked for a quote and nearly fainted upon hearing the answer: $1.2 million.
โI said, โYouโre crazy.โ Less than a month later it was sold.โ
By Thanksgiving, auction houses were sending out news releases almost daily touting their record-breaking sales.
A pair of Conoid lounge chairs from the famed woodworker George Nakashima, which in 2019 commanded around $10,000, sold in October 2020 for $23,750 through the Chicago auction house Wright. A Mesa coffee table by T.H. Robsjohn Gibbings, a British architect whose name is barely known outside of the furniture world, brought in $237,500 in December; the overall result of the sale was $2.5 million, roughly double what the house did at the same sale a year before.
In February, a digital artwork of Donald Trump facedown in the grass, covered in words like โloser,โ sold for $6.6 million, a record for a nonfungible token, or NFT, so called because thereโs no physical piece for the buyer to take possession of.
Fittingly, the image was paid for in Ethereum, a form of cryptocurrency that, among millennials, is almost as well known as bitcoin. Two weeks later, Christieโs sold another NFT by Beeple, this time for $69 million.
The prices for the best vintage sports cards reached Warhol levels. In January, a 1952 Mickey Mantle was sold through PWCC Marketplace for $5.2 million. In March, Goldin Auctions, a sports collectible site, held its annual winter auction. โWe grossed $45 million,โ said Ken Goldin, the founder and C.E.O. โLast year, it was $4.7 million.โ
One of Mr. Goldinโs repeat customers is Clement Kwan, the former president of Yoox Net-a-Porter and a founder of Beboe, an upscale line of cannabis vaporizers and edible pastilles that The New York Times has called โthe Hermรจs of Marijuana.โ
โSince the pandemic started, my financial portfolio has gone up 50 percent,โ Mr. Kwan said from Miami last week. โMy collectibles went up by 200.โ
Mr. Kwanโs windfall came after learning in 2019 that a documentary about Michael Jordan was going to be released the following summer on Netflix. That led him to buy up sets of Mr. Jordanโs rookie cards at around $30,000 each. He also took a stake in Bleecker Trading, a bespoke sports memorabilia store in the West Village.
In May of 2020, Mr. Kwan sold a Jordan rookie card for nearly $100,000. By January, a particularly in-demand Jordan rookie card sold through Goldin for $738,000.
The renewed interest in Mr. Jordan extends to sneakers.
Last May, Ariana Peters โ who, along with her sisters Dakota and Dresden Peters, owns what some believe is the most valuable sneaker collection in the world โ had her biggest sale in five years of being in business: a pair of autographed 1985 Air Jordans that fetched $275,000.
In 2019, the sisters sold 572 pairs of sneakers, at prices that began at $500, Ariana Peters said in an interview. In 2020, they sold 879.
Ms. Peters actually sounded somewhat surprised talking about all this, perhaps because she and her sisters only got into the business because their father, a retired real estate developer named Douglas Roy Peters, bought so many pairs of sneakers they were running out of places to put them.
Ms. Peters, who lives in South Florida, now houses the collection in a storage facility thatโs been customized to look like the Miami Heatโs basketball court.
Leveraging Nostalgia, From Nintendo to Pokรฉmon
Those unprepared to shell out high sums for vintage collectibles are getting in on the action through recently established mutual funds.
Rally, an Android and iPhone app that sells fractional shares in everything from Rolex GMTs to dinosaur remains, had 100,000 users at the start of the pandemic and oversaw $12 million in inventory. Rob Petrozzo, its chief product officer and co-founder, said in an interview that the company now oversees $30 million of merchandise and has over 200,000 users. According to the company, the average age of a Rally user is 28, and most are male.
The way the app works, investors buy, sell or trade their shares as if they were stocks. New product launches are actually called I.P.O.s.
โThe equities space and the cryptocurrency space over the last couple years created really savvy investors who understand the dynamics of the market, so itโs a complement to their Coinbase accounts and their Robinhood accounts,โ Mr. Petrozzo said.
One of Mr. Petrozzoโs โinvestorsโ is Nicholas Abouzeid, the 24-year-old head of marketing at MainStreet, a 50-person firm that helps start-ups find and claim tax credits and incentives from the government.
On a recent afternoon, Mr. Abouzeid was talking over Zoom from the bedroom of his home in Woodbury, Conn. In his long-sleeved white T-shirt and wood framed glasses, he looked like any number of young white men who might work for Mark Zuckerberg or Josh Kushner. Behind him were shelves of memorabilia โ super plastic toys, sealed Nintendo games from the โ90s and collectible Nike Sacai Waffle sneakers.
In the actual stock market, Mr. Abouzeid made last year what he described as โmore than what somebody should make in a year,โ buying and selling positions in high-growth technology companies such as Slack, Stitch Fix, Shopify and Fastly. โIโm in and out all the time,โ he said.
He extracted much of his profits and put them into Pokรฉmon collectibles.
On one level, itโs born of his nostalgia for the game, which he began playing in sixth grade. On another, itโs โan alternative asset class and a way to diversify,โ as he put it.
His holy grail item is a first-edition โBooster Boxโ of Pokรฉmon cards.
Upon its 1999 release, the set cost $110. In January, Heritage Auctions in Dallas sold one for $408,000.
Mr. Abouzeid doesnโt have that kind of money, but in a June 2020 โI.P.O.โ from Valley Road, he purchased 125 โsharesโ of one at a price of $25 each.
Theyโre now worth $120 each, giving him a profit of around $13,500 (which is at least 300 percent more than he earned from his Slack holdings).
Jackson Moses, a colleague of Mr. Abouzeidโs at MainStreet, invests in biotech stocks and vintage whiskey. But Johnson & Johnson and Jack Danielโs donโt interest him.
His Merrill Lynch account contains shares of companies like Sarepta Therapeutics, a maker of precision genetic medicines that treat rare neuromuscular and central nervous system diseases. His fridge is filled with rare, vintage Kacho Fugetsu.
โWhen my parents saw them in my apartment, they got really worried,โ he said. โThey said, โIs there something we need to talk about?โ But I donโt even open them.โ
Earlier this month, when rising interest rates sent high-flying tech stocks into a tailspin, Kacho Fugetsu provided what Mr. Moses called โthe perfect hedge.โ
Of course, heโs aware that the ascent of his whiskey collection also could come to an end, but that at least has an upside. โThen Iโll finally have an excuse to drink it,โ he said.
Right now is the height of collecting anything - from NFT to baseball cards. All of them, are at extreme peak prices. Any second hand price for art to cars to watches are over the top right now. There are so a many wealthy people sitting at home trying to spend money anyway they can. Bascially - NYtimes is screaming this with a new article about it every week. I think when the media starts to report on how hot markets are, is usually when you want to begin your exit strategy out of them before it all collapses or busts. www.nytimes.com/2021/03/20/style/spending-rich-people.html?action=click&module=Features&pgtype=HomepageBy Jacob Bernstein March 20, 2021, 5:00 a.m. ET Rich people who shopped too much used to be called collectors. Now they โ and those belonging merely to the aspirational class โ are all investors. Itโs not just that theyโve spent the last year splurging on stakes in untested, newly formed public companies that have yet to produce products, much less profits. Itโs that during the pandemic, seemingly every luxury acquisition has become a so-called alternative asset class. Rather than elbowing past each other for reservations at the latest restaurants from Marcus Samuelsson and Jean-Georges Vongerichten, or getting into bidding wars for apartments at 740 Park Avenue, they are one-upping each other in online auctions for jewelry, watches, furniture, sports cards, vintage cars, limited-edition Nikes and crypto art. Bread lines grew longer, Birkin bags got hotter. A number of retailers were reticent to speak about the trend, stating that they did not wish to be on the record talking about nearly sold out $90,000 earrings during a time of growing wealth inequality. John Demsey, the executive group president of the Estรฉe Lauder Companies, voiced that concern even as he admitted a primary quarantine pastime. โAll I do is go through watch porn,โ he said. โIโm selling watches, Iโm buying watches. Itโs crazy. I have no reason right now to buy a watch. Iโm at home all day at a computer. Time is staring me right in the face. What reason do I have to look at my wrist? But I want a tangible sign of something, so Iโm looking at watches.โ And many other people are too. Rolex Day-Dates that sold on the secondary market in 2020 for $30,000 are now going for upward of $50,000 on some resale sites. The Nautilus 5980, a rose gold chronograph sports watch from Patek Philippe that has a retail price of $85,000, can seldom be found on 47th Street for much less than $200,000. One reason for surging prices, according to Benjamin Clymer, the editor of the watch site Hodinkee, is that โSwitzerland shut down, so demand was there while the supply was dramatically reduced.โ But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ Coffee Tables and Porsches That includes cars, a hobby that began for Mr. Clymer in 2011 and took off in 2015, when a multimillion-dollar strategic investment in Hodinkee helped transform him from blogger to mogul. In the summer of 2020, Mr. Clymer went searching for a 1973 Porsche 911 Carrera RS. One had sold shortly before the pandemic through the auction site Bring a Trailer (or BaT, as itโs known) for $560,000 but Mr. Clymer figured it might be a buyerโs market. Perhaps he could get it for less. He found a beauty from a dealership that hadnโt listed the price on its website. It was in mint condition. Mr. Clymer asked for a quote and nearly fainted upon hearing the answer: $1.2 million. โI said, โYouโre crazy.โ Less than a month later it was sold.โ By Thanksgiving, auction houses were sending out news releases almost daily touting their record-breaking sales. A pair of Conoid lounge chairs from the famed woodworker George Nakashima, which in 2019 commanded around $10,000, sold in October 2020 for $23,750 through the Chicago auction house Wright. A Mesa coffee table by T.H. Robsjohn Gibbings, a British architect whose name is barely known outside of the furniture world, brought in $237,500 in December; the overall result of the sale was $2.5 million, roughly double what the house did at the same sale a year before. In February, a digital artwork of Donald Trump facedown in the grass, covered in words like โloser,โ sold for $6.6 million, a record for a nonfungible token, or NFT, so called because thereโs no physical piece for the buyer to take possession of. Fittingly, the image was paid for in Ethereum, a form of cryptocurrency that, among millennials, is almost as well known as bitcoin. Two weeks later, Christieโs sold another NFT by Beeple, this time for $69 million. The prices for the best vintage sports cards reached Warhol levels. In January, a 1952 Mickey Mantle was sold through PWCC Marketplace for $5.2 million. In March, Goldin Auctions, a sports collectible site, held its annual winter auction. โWe grossed $45 million,โ said Ken Goldin, the founder and C.E.O. โLast year, it was $4.7 million.โ One of Mr. Goldinโs repeat customers is Clement Kwan, the former president of Yoox Net-a-Porter and a founder of Beboe, an upscale line of cannabis vaporizers and edible pastilles that The New York Times has called โthe Hermรจs of Marijuana.โ โSince the pandemic started, my financial portfolio has gone up 50 percent,โ Mr. Kwan said from Miami last week. โMy collectibles went up by 200.โ Mr. Kwanโs windfall came after learning in 2019 that a documentary about Michael Jordan was going to be released the following summer on Netflix. That led him to buy up sets of Mr. Jordanโs rookie cards at around $30,000 each. He also took a stake in Bleecker Trading, a bespoke sports memorabilia store in the West Village. In May of 2020, Mr. Kwan sold a Jordan rookie card for nearly $100,000. By January, a particularly in-demand Jordan rookie card sold through Goldin for $738,000. The renewed interest in Mr. Jordan extends to sneakers. Last May, Ariana Peters โ who, along with her sisters Dakota and Dresden Peters, owns what some believe is the most valuable sneaker collection in the world โ had her biggest sale in five years of being in business: a pair of autographed 1985 Air Jordans that fetched $275,000. In 2019, the sisters sold 572 pairs of sneakers, at prices that began at $500, Ariana Peters said in an interview. In 2020, they sold 879. Ms. Peters actually sounded somewhat surprised talking about all this, perhaps because she and her sisters only got into the business because their father, a retired real estate developer named Douglas Roy Peters, bought so many pairs of sneakers they were running out of places to put them. Ms. Peters, who lives in South Florida, now houses the collection in a storage facility thatโs been customized to look like the Miami Heatโs basketball court. Leveraging Nostalgia, From Nintendo to Pokรฉmon Those unprepared to shell out high sums for vintage collectibles are getting in on the action through recently established mutual funds. Rally, an Android and iPhone app that sells fractional shares in everything from Rolex GMTs to dinosaur remains, had 100,000 users at the start of the pandemic and oversaw $12 million in inventory. Rob Petrozzo, its chief product officer and co-founder, said in an interview that the company now oversees $30 million of merchandise and has over 200,000 users. According to the company, the average age of a Rally user is 28, and most are male. The way the app works, investors buy, sell or trade their shares as if they were stocks. New product launches are actually called I.P.O.s. โThe equities space and the cryptocurrency space over the last couple years created really savvy investors who understand the dynamics of the market, so itโs a complement to their Coinbase accounts and their Robinhood accounts,โ Mr. Petrozzo said. One of Mr. Petrozzoโs โinvestorsโ is Nicholas Abouzeid, the 24-year-old head of marketing at MainStreet, a 50-person firm that helps start-ups find and claim tax credits and incentives from the government. On a recent afternoon, Mr. Abouzeid was talking over Zoom from the bedroom of his home in Woodbury, Conn. In his long-sleeved white T-shirt and wood framed glasses, he looked like any number of young white men who might work for Mark Zuckerberg or Josh Kushner. Behind him were shelves of memorabilia โ super plastic toys, sealed Nintendo games from the โ90s and collectible Nike Sacai Waffle sneakers. In the actual stock market, Mr. Abouzeid made last year what he described as โmore than what somebody should make in a year,โ buying and selling positions in high-growth technology companies such as Slack, Stitch Fix, Shopify and Fastly. โIโm in and out all the time,โ he said. He extracted much of his profits and put them into Pokรฉmon collectibles. On one level, itโs born of his nostalgia for the game, which he began playing in sixth grade. On another, itโs โan alternative asset class and a way to diversify,โ as he put it. His holy grail item is a first-edition โBooster Boxโ of Pokรฉmon cards. Upon its 1999 release, the set cost $110. In January, Heritage Auctions in Dallas sold one for $408,000. Mr. Abouzeid doesnโt have that kind of money, but in a June 2020 โI.P.O.โ from Valley Road, he purchased 125 โsharesโ of one at a price of $25 each. Theyโre now worth $120 each, giving him a profit of around $13,500 (which is at least 300 percent more than he earned from his Slack holdings). Jackson Moses, a colleague of Mr. Abouzeidโs at MainStreet, invests in biotech stocks and vintage whiskey. But Johnson & Johnson and Jack Danielโs donโt interest him. His Merrill Lynch account contains shares of companies like Sarepta Therapeutics, a maker of precision genetic medicines that treat rare neuromuscular and central nervous system diseases. His fridge is filled with rare, vintage Kacho Fugetsu. โWhen my parents saw them in my apartment, they got really worried,โ he said. โThey said, โIs there something we need to talk about?โ But I donโt even open them.โ Earlier this month, when rising interest rates sent high-flying tech stocks into a tailspin, Kacho Fugetsu provided what Mr. Moses called โthe perfect hedge.โ Of course, heโs aware that the ascent of his whiskey collection also could come to an end, but that at least has an upside. โThen Iโll finally have an excuse to drink it,โ he said.
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jimmyjam
New Member
Posts โข 578
Likes โข 546
October 2019
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NFT Art
Mar 20, 2021 14:23:17 GMT 1
NFT Art , by jimmyjam on Mar 20, 2021 14:23:17 GMT 1, But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article
When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now.
But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article
When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now.
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kuni
Junior Member
Posts โข 1,153
Likes โข 1,818
February 2018
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NFT Art
Mar 20, 2021 16:13:41 GMT 1
NFT Art , by kuni on Mar 20, 2021 16:13:41 GMT 1, But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now. Sell off will be late summer I agree with this timing. The market is still surging you've got to be a bit selective and can't just throw a dart. There's still money to be made. Will the rug get pulled out at some point? My personal take is that there will be a massive correction and 90% of the pieces will basically become worthless, 5% will be flat and another 5% will grow. Buying the artists that already have a following outside of NFT is probably the safest bet.
IMO there are still too many people coming into the space for the bottom to fall out right now. Also, too many of the artists we talk about here on UA have drops in the works and that alone should prop up the market for another few months.
But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now. Sell off will be late summer I agree with this timing. The market is still surging you've got to be a bit selective and can't just throw a dart. There's still money to be made. Will the rug get pulled out at some point? My personal take is that there will be a massive correction and 90% of the pieces will basically become worthless, 5% will be flat and another 5% will grow. Buying the artists that already have a following outside of NFT is probably the safest bet. IMO there are still too many people coming into the space for the bottom to fall out right now. Also, too many of the artists we talk about here on UA have drops in the works and that alone should prop up the market for another few months.
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 20, 2021 16:15:51 GMT 1
via mobile
NFT Art , by Fะฏ on Mar 20, 2021 16:15:51 GMT 1, But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now.
Hate to break it to you, but no one is going anywhere anytime soon or close to soon. If they are they must been a bit mushy in the head.
But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now. Hate to break it to you, but no one is going anywhere anytime soon or close to soon. If they are they must been a bit mushy in the head.
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jimmyjam
New Member
Posts โข 578
Likes โข 546
October 2019
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NFT Art
Mar 20, 2021 16:55:39 GMT 1
NFT Art , by jimmyjam on Mar 20, 2021 16:55:39 GMT 1, But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now. Hate to break it to you, but no one is going anywhere anytime soon or close to soon. Hate to break to you but people are traveling already. NYC is now packed with people.
Get out of you moms basement buddy. Mr. Doodles and NFTs... Not the best investments you can do but go ahead and promote them all you want.
But also, he said, โthe wealthy that used to spend money on travel arenโt using it, so everything collectible is skyrocketing in value.โ -nytimes article When you start seeing countries re open and people start wanting to go on vacations - probably want to sell off things before that starts to happen, which is now. Hate to break it to you, but no one is going anywhere anytime soon or close to soon. Hate to break to you but people are traveling already. NYC is now packed with people. Get out of you moms basement buddy. Mr. Doodles and NFTs... Not the best investments you can do but go ahead and promote them all you want.
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 20, 2021 16:56:56 GMT 1
NFT Art , by Fะฏ on Mar 20, 2021 16:56:56 GMT 1, Hate to break it to you, but no one is going anywhere anytime soon or close to soon. Hate to break to you but people are traveling already. NYC is now packed with people. Get out of you moms basement buddy. Mr. Doodles and NFTs... Not the best investments you can do but go ahead and promote them all you want. โmerica
Hate to break it to you, but no one is going anywhere anytime soon or close to soon. Hate to break to you but people are traveling already. NYC is now packed with people. Get out of you moms basement buddy. Mr. Doodles and NFTs... Not the best investments you can do but go ahead and promote them all you want. โmerica
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jimmyjam
New Member
Posts โข 578
Likes โข 546
October 2019
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NFT Art
Mar 20, 2021 17:05:03 GMT 1
NFT Art , by jimmyjam on Mar 20, 2021 17:05:03 GMT 1, You will want to sell before the "sell off" if you want max returns.
It still maybe be a few months too early but it's almost getting time to start looking before the mass sell off of items.
This hype and media attention might last for another year or so... but that doesn't mean the market will still be at peak prices.
I think a lot of people here don't know about how these collector markets do have cycles and its really important to jump off at the right timing. It's really hard to sell thing when things looks so rosy but that's what makes a good investor.
Time will be ultimate judge, but if history has anything to do with it, you should we aware this won't last forever in some of these markets.
No one is traveling? OKAY.....
www.cnn.com/2021/03/20/business/travel-rebound-coronavirus/index.html
You will want to sell before the "sell off" if you want max returns. It still maybe be a few months too early but it's almost getting time to start looking before the mass sell off of items. This hype and media attention might last for another year or so... but that doesn't mean the market will still be at peak prices. I think a lot of people here don't know about how these collector markets do have cycles and its really important to jump off at the right timing. It's really hard to sell thing when things looks so rosy but that's what makes a good investor. Time will be ultimate judge, but if history has anything to do with it, you should we aware this won't last forever in some of these markets. No one is traveling? OKAY..... www.cnn.com/2021/03/20/business/travel-rebound-coronavirus/index.html
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 20, 2021 17:51:50 GMT 1
NFT Art , by Fะฏ on Mar 20, 2021 17:51:50 GMT 1, You will want to sell before the "sell off" if you want max returns. It still maybe be a few months too early but it's almost getting time to start looking before the mass sell off of items. This hype and media attention might last for another year or so... but that doesn't mean the market will still be at peak prices. I think a lot of people here don't know about how these collector markets do have cycles and its really important to jump off at the right timing. It's really hard to sell thing when things looks so rosy but that's what makes a good investor. Time will be ultimate judge, but if history has anything to do with it, you should we aware this won't last forever in some of these markets. No one is traveling? OKAY..... www.cnn.com/2021/03/20/business/travel-rebound-coronavirus/index.html its ok everyone. โMerica is the centre of the universe after all. mushy.
the rest of us will just be sensible as we actually use science.
www.standard.co.uk/news/world/international-travel-may-unrealistic-europe-third-wave-uk-b925285.html
You will want to sell before the "sell off" if you want max returns. It still maybe be a few months too early but it's almost getting time to start looking before the mass sell off of items. This hype and media attention might last for another year or so... but that doesn't mean the market will still be at peak prices. I think a lot of people here don't know about how these collector markets do have cycles and its really important to jump off at the right timing. It's really hard to sell thing when things looks so rosy but that's what makes a good investor. Time will be ultimate judge, but if history has anything to do with it, you should we aware this won't last forever in some of these markets. No one is traveling? OKAY..... www.cnn.com/2021/03/20/business/travel-rebound-coronavirus/index.htmlits ok everyone. โMerica is the centre of the universe after all. mushy. the rest of us will just be sensible as we actually use science. www.standard.co.uk/news/world/international-travel-may-unrealistic-europe-third-wave-uk-b925285.html
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jimmyjam
New Member
Posts โข 578
Likes โข 546
October 2019
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NFT Art
Mar 20, 2021 21:42:08 GMT 1
NFT Art , by jimmyjam on Mar 20, 2021 21:42:08 GMT 1, Why does it have to international travel. There is a lot of domestic traveling going on. Domestic travel is huge money in the US, Europe and China.
I don't recommend to travel but traveling has picked up pretty significantly since the beginning of the year. It's only growing.
Airline stocks were great purchases when it all crashed to zero. They were able to sell off old planes to Amazon and Fedex and restructure their businesses, which is what all the airlines have been waiting years to do.
Just seeing the New York streets today compared to just a few months ago... It's getting crowded again. All last year the city was a ghost town, it was actually really nice, but now you can see the tourist from all over the world slowly coming back. I thought NYC was going to be ghost town for a very long time but there is already signs of it coming back.
nypost.com/2021/03/19/tourists-coming-back-to-business-starved-nyc/
We will see if people start pulling money out of these hobby markets as things go back to normal or the hype continues for a couple more years. But things are slowly going back to normal... slowly.
Why does it have to international travel. There is a lot of domestic traveling going on. Domestic travel is huge money in the US, Europe and China. I don't recommend to travel but traveling has picked up pretty significantly since the beginning of the year. It's only growing. Airline stocks were great purchases when it all crashed to zero. They were able to sell off old planes to Amazon and Fedex and restructure their businesses, which is what all the airlines have been waiting years to do. Just seeing the New York streets today compared to just a few months ago... It's getting crowded again. All last year the city was a ghost town, it was actually really nice, but now you can see the tourist from all over the world slowly coming back. I thought NYC was going to be ghost town for a very long time but there is already signs of it coming back. nypost.com/2021/03/19/tourists-coming-back-to-business-starved-nyc/We will see if people start pulling money out of these hobby markets as things go back to normal or the hype continues for a couple more years. But things are slowly going back to normal... slowly.
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robo
Junior Member
Posts โข 1,578
Likes โข 1,002
November 2006
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NFT Art
Mar 20, 2021 22:25:59 GMT 1
via mobile
Weird - how come that auction isnโt listed in their Drops section? Seems completely hidden on the site?
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robo
Junior Member
Posts โข 1,578
Likes โข 1,002
November 2006
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NFT Art
Mar 20, 2021 22:28:39 GMT 1
via mobile
NFT Art , by robo on Mar 20, 2021 22:28:39 GMT 1, A few days ago a relatively unknown artist on nifty gateway released two pieces that ripped off Ai Weiwei and Yayoi Kusama. Hereโs what Weiwei had to say when he heard about it:
A few days ago a relatively unknown artist on nifty gateway released two pieces that ripped off Ai Weiwei and Yayoi Kusama. Hereโs what Weiwei had to say when he heard about it:
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robo
Junior Member
Posts โข 1,578
Likes โข 1,002
November 2006
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NFT Art
Mar 20, 2021 22:30:51 GMT 1
via mobile
NFT Art , by robo on Mar 20, 2021 22:30:51 GMT 1, Huh my link is not appearing. Trying again.
Huh my link is not appearing. Trying again.
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kuni
Junior Member
Posts โข 1,153
Likes โข 1,818
February 2018
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NFT Art
Mar 21, 2021 13:02:41 GMT 1
NFT Art , by kuni on Mar 21, 2021 13:02:41 GMT 1, If you hate NFTโs youโre going to flip your shit when you start seeing virtual art shows in a completely online universe. Hereโs a show that opens today in Decentraland featuring a whole bevy of the artists who we regularly talk about on here. The times are changing.
http://instagram.com/p/CMp19-sIg64
If you hate NFTโs youโre going to flip your shit when you start seeing virtual art shows in a completely online universe. Hereโs a show that opens today in Decentraland featuring a whole bevy of the artists who we regularly talk about on here. The times are changing. http://instagram.com/p/CMp19-sIg64
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dilu
New Member
Posts โข 153
Likes โข 223
November 2010
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NFT Art
Mar 21, 2021 13:23:08 GMT 1
via mobile
NFT Art , by dilu on Mar 21, 2021 13:23:08 GMT 1, Wow now Iโve actually seen a view NFT artwork Iโm a convert. No more sex and rock and roll, shelve the art for Iโm a new believer. As a start up buyer Iโm only able to buy into farts so if you have any on a loop Iโll transfer you my kids organs and inheritance ๐
Wow now Iโve actually seen a view NFT artwork Iโm a convert. No more sex and rock and roll, shelve the art for Iโm a new believer. As a start up buyer Iโm only able to buy into farts so if you have any on a loop Iโll transfer you my kids organs and inheritance ๐
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 21, 2021 14:45:28 GMT 1
NFT Art , by Fะฏ on Mar 21, 2021 14:45:28 GMT 1, Here - grab a coffee and watch this pretty brainless video from the WSJ
Here - grab a coffee and watch this pretty brainless video from the WSJ
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 21, 2021 19:09:56 GMT 1
NFT Art , by Fะฏ on Mar 21, 2021 19:09:56 GMT 1,
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Extra Ball
New Member
Posts โข 620
Likes โข 539
February 2014
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NFT Art
Mar 21, 2021 19:28:56 GMT 1
NFT Art , by Extra Ball on Mar 21, 2021 19:28:56 GMT 1, easy pass. I don t imagine having part of my collection on a usb key.
easy pass. I don t imagine having part of my collection on a usb key.
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kuni
Junior Member
Posts โข 1,153
Likes โข 1,818
February 2018
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NFT Art
Mar 23, 2021 13:05:47 GMT 1
NFT Art , by kuni on Mar 23, 2021 13:05:47 GMT 1, A Michael Reeder NFT now in the mix..I don't hate it. Will probably enter the drawing and try my luck.
Michael Reeder NFT Auction at ABV Gallery.
A Michael Reeder NFT now in the mix..I don't hate it. Will probably enter the drawing and try my luck. Michael Reeder NFT Auction at ABV Gallery.
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jdjdjd
New Member
Posts โข 11
Likes โข 11
December 2016
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NFT Art
Mar 23, 2021 14:21:33 GMT 1
via mobile
NFT Art , by jdjdjd on Mar 23, 2021 14:21:33 GMT 1, A Michael Reeder NFT now in the mix..I don't hate it. Will probably enter the drawing and try my luck. Michael Reeder NFT Auction at ABV Gallery. Do you mind if I ask something that in no way is intended to be troll-y? As someone who is clearly engaged / interested in the NFT thing, was there a moment when it suddenly *clicked* for you and you decided that it was something that you wanted to be a part of, or realised that you would get enjoyment from it?ย I'm still struggling to understand the appeal of it. That's perfectly fine of course - there's no need for me to understand something for others to get enjoyment from it - I just wondered if there was a particular angle that I hadn't considered.ย With the Reeder thing as an example - what would be the benefit of being selected and spending money on it, rather than not? Is it the ownership / collectorship angle - in other words, despite it being non-tangible, the ownership of it is tangible? I'm in no way asking you to justify it as that would be hugely ridiculous, I'm just wondering if there's a way to explain it that might make it click.ย
My own impression, which isnโt advice:
1. I can buy and digitally possess/control art near-instantly. 2. Once I find a buyer I can sell to that buyer near-instantly. 3. No physical space needed for display or storage unless I choose to, and then I can rotate works within the same display. 4. I can choose the size of the piece if I display it in a physical space by either changing how large it is on the screen or changing screen size. 5. I still feel a strong sense of ownership over the works. 6. A number of marketplaces already exist to provide liquidity as needed, and I would bet more are in the works. Will be very easy to submit to Sothebyโs etc. in the future I would bet. 7. No shipping concerns all around, just gas fees to send. 8. Fewer insurance concerns, though those will come with time. 9. So many people dumping on the buzzword without thinking critically is telling to me. Think about all of the above, plus how great it is for artist royalties, etc.
Itโs true that thereโs a lot of junk NFT โartโ out there so just donโt buy it. Thereโs plenty of great NFT art, too. And that is a trend that will keep building, I would think. And yeah, prices are surging but the tech wonโt disappear so if you want to buy low, maybe wait a while. The market is insane; NFTs are not.
A Michael Reeder NFT now in the mix..I don't hate it. Will probably enter the drawing and try my luck. Michael Reeder NFT Auction at ABV Gallery. Do you mind if I ask something that in no way is intended to be troll-y? As someone who is clearly engaged / interested in the NFT thing, was there a moment when it suddenly *clicked* for you and you decided that it was something that you wanted to be a part of, or realised that you would get enjoyment from it?ย I'm still struggling to understand the appeal of it. That's perfectly fine of course - there's no need for me to understand something for others to get enjoyment from it - I just wondered if there was a particular angle that I hadn't considered.ย With the Reeder thing as an example - what would be the benefit of being selected and spending money on it, rather than not? Is it the ownership / collectorship angle - in other words, despite it being non-tangible, the ownership of it is tangible? I'm in no way asking you to justify it as that would be hugely ridiculous, I'm just wondering if there's a way to explain it that might make it click.ย My own impression, which isnโt advice: 1. I can buy and digitally possess/control art near-instantly. 2. Once I find a buyer I can sell to that buyer near-instantly. 3. No physical space needed for display or storage unless I choose to, and then I can rotate works within the same display. 4. I can choose the size of the piece if I display it in a physical space by either changing how large it is on the screen or changing screen size. 5. I still feel a strong sense of ownership over the works. 6. A number of marketplaces already exist to provide liquidity as needed, and I would bet more are in the works. Will be very easy to submit to Sothebyโs etc. in the future I would bet. 7. No shipping concerns all around, just gas fees to send. 8. Fewer insurance concerns, though those will come with time. 9. So many people dumping on the buzzword without thinking critically is telling to me. Think about all of the above, plus how great it is for artist royalties, etc. Itโs true that thereโs a lot of junk NFT โartโ out there so just donโt buy it. Thereโs plenty of great NFT art, too. And that is a trend that will keep building, I would think. And yeah, prices are surging but the tech wonโt disappear so if you want to buy low, maybe wait a while. The market is insane; NFTs are not.
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jdjdjd
New Member
Posts โข 11
Likes โข 11
December 2016
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NFT Art
Mar 23, 2021 15:04:15 GMT 1
via mobile
NFT Art , by jdjdjd on Mar 23, 2021 15:04:15 GMT 1, My own impression, which isnโt advice: 1. I can buy and digitally possess/control art near-instantly. 2. Once I find a buyer I can sell to that buyer near-instantly. 3. No physical space needed for display or storage unless I choose to, and then I can rotate works within the same display. 4. I can choose the size of the piece if I display it in a physical space by either changing how large it is on the screen or changing screen size. 5. I still feel a strong sense of ownership over the works. 6. A number of marketplaces already exist to provide liquidity as needed, and I would bet more are in the works. Will be very easy to submit to Sothebyโs etc. in the future I would bet. 7. No shipping concerns all around, just gas fees to send. 8. Fewer insurance concerns, though those will come with time. 9. So many people dumping on the buzzword without thinking critically is telling to me. Think about all of the above, plus how great it is for artist royalties, etc. Itโs true that thereโs a lot of junk NFT โartโ out there so just donโt buy it. Thereโs plenty of great NFT art, too. And that is a trend that will keep building, I would think. And yeah, prices are surging but the tech wonโt disappear so if you want to buy low, maybe wait a while. The market is insane; NFTs are not. Thank you for taking the time to reply. I think for some of the items in your list, there's a hurdle (for me at least) that I don't think I want to enjoy / display digital art. I can't imagine wanting a screen in my home where art is displayed, although of course that is purely personal preference. My preference here may be entirely outdated, and of course may change over time. However, getting past that, I think if I did enjoy the ownership or display of digital art then I think the rest of your list makes sense. I have seen the argument on here that you could simply download the JPG and display that without owning it but with that I disagree. It's no different from saying that there's no point in owning a Banksy print when you could simply display a near-identical copy for a fraction of the cost - if the print itself, and its authenticity, is part of the art then I don't see why this would be any different for digital editions.ย Personally speaking I don't have the 'collector' bug - I have no desire to own something simply for the sake of owning it and for it to form part of my collection. But I am aware that 'owning stuff' is a part of this passion / hobby / addiction to many, and again I don't see why this would be any different for digital work. I think what I'm saying is that I can sort of see the benefit / excitement in this stuff, but it's not exciting to me for reasons that are perfectly fine. If I were interested in the investment side of things, I can see why this might provide an easy way for me to do that (is it really any different from buying a Hirst, keeping it in the Heni vault and never actually seeing it?). If I were a completist / had the collector bug then I can see why the verifiable ownership angle might be quite attractive. And finally if I were excited about showing and rotating digital art in my home, I can certainly see the appeal in having an authentic piece rather than a random set of JPGs. Unfortunately none of those things apply to me (at this moment in time), but I can see why they might to others.ย
Thanks for your perspective. I donโt aim to change your mind, but just to add a couple more thoughts. First, physical art came about in an analog world. I appreciate physical art because I grew up around a great deal of it, and collect it myself. But think about where a generation that grew up digital will likely direct their interest as art collectors. And also lots of the editions we buy are digital art at some point, but then converted once again to physical art. Not all of them, but as I saw Hirst on Instagram signing what looked like 1,000 sticker labels in pencil I thought about this. And not dumping on Hirst because I own some of his editions Those are just pieces of paper, which will be affixed to what was a jpg of his work, which is now printed/applied to paper as the storage medium for that digital file. NFTs are just a digital storage medium for the same thing. And yes all the on-chain/off-chain stuff is messy now but archiving solutions will be introduced in due time I think.
My own impression, which isnโt advice: 1. I can buy and digitally possess/control art near-instantly. 2. Once I find a buyer I can sell to that buyer near-instantly. 3. No physical space needed for display or storage unless I choose to, and then I can rotate works within the same display. 4. I can choose the size of the piece if I display it in a physical space by either changing how large it is on the screen or changing screen size. 5. I still feel a strong sense of ownership over the works. 6. A number of marketplaces already exist to provide liquidity as needed, and I would bet more are in the works. Will be very easy to submit to Sothebyโs etc. in the future I would bet. 7. No shipping concerns all around, just gas fees to send. 8. Fewer insurance concerns, though those will come with time. 9. So many people dumping on the buzzword without thinking critically is telling to me. Think about all of the above, plus how great it is for artist royalties, etc. Itโs true that thereโs a lot of junk NFT โartโ out there so just donโt buy it. Thereโs plenty of great NFT art, too. And that is a trend that will keep building, I would think. And yeah, prices are surging but the tech wonโt disappear so if you want to buy low, maybe wait a while. The market is insane; NFTs are not. Thank you for taking the time to reply. I think for some of the items in your list, there's a hurdle (for me at least) that I don't think I want to enjoy / display digital art. I can't imagine wanting a screen in my home where art is displayed, although of course that is purely personal preference. My preference here may be entirely outdated, and of course may change over time. However, getting past that, I think if I did enjoy the ownership or display of digital art then I think the rest of your list makes sense. I have seen the argument on here that you could simply download the JPG and display that without owning it but with that I disagree. It's no different from saying that there's no point in owning a Banksy print when you could simply display a near-identical copy for a fraction of the cost - if the print itself, and its authenticity, is part of the art then I don't see why this would be any different for digital editions.ย Personally speaking I don't have the 'collector' bug - I have no desire to own something simply for the sake of owning it and for it to form part of my collection. But I am aware that 'owning stuff' is a part of this passion / hobby / addiction to many, and again I don't see why this would be any different for digital work. I think what I'm saying is that I can sort of see the benefit / excitement in this stuff, but it's not exciting to me for reasons that are perfectly fine. If I were interested in the investment side of things, I can see why this might provide an easy way for me to do that (is it really any different from buying a Hirst, keeping it in the Heni vault and never actually seeing it?). If I were a completist / had the collector bug then I can see why the verifiable ownership angle might be quite attractive. And finally if I were excited about showing and rotating digital art in my home, I can certainly see the appeal in having an authentic piece rather than a random set of JPGs. Unfortunately none of those things apply to me (at this moment in time), but I can see why they might to others.ย Thanks for your perspective. I donโt aim to change your mind, but just to add a couple more thoughts. First, physical art came about in an analog world. I appreciate physical art because I grew up around a great deal of it, and collect it myself. But think about where a generation that grew up digital will likely direct their interest as art collectors. And also lots of the editions we buy are digital art at some point, but then converted once again to physical art. Not all of them, but as I saw Hirst on Instagram signing what looked like 1,000 sticker labels in pencil I thought about this. And not dumping on Hirst because I own some of his editions Those are just pieces of paper, which will be affixed to what was a jpg of his work, which is now printed/applied to paper as the storage medium for that digital file. NFTs are just a digital storage medium for the same thing. And yes all the on-chain/off-chain stuff is messy now but archiving solutions will be introduced in due time I think.
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kuni
Junior Member
Posts โข 1,153
Likes โข 1,818
February 2018
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NFT Art
Mar 23, 2021 16:36:02 GMT 1
NFT Art , by kuni on Mar 23, 2021 16:36:02 GMT 1, My own impression, which isnโt advice: 1. I can buy and digitally possess/control art near-instantly. 2. Once I find a buyer I can sell to that buyer near-instantly. 3. No physical space needed for display or storage unless I choose to, and then I can rotate works within the same display. 4. I can choose the size of the piece if I display it in a physical space by either changing how large it is on the screen or changing screen size. 5. I still feel a strong sense of ownership over the works. 6. A number of marketplaces already exist to provide liquidity as needed, and I would bet more are in the works. Will be very easy to submit to Sothebyโs etc. in the future I would bet. 7. No shipping concerns all around, just gas fees to send. 8. Fewer insurance concerns, though those will come with time. 9. So many people dumping on the buzzword without thinking critically is telling to me. Think about all of the above, plus how great it is for artist royalties, etc. Itโs true that thereโs a lot of junk NFT โartโ out there so just donโt buy it. Thereโs plenty of great NFT art, too. And that is a trend that will keep building, I would think. And yeah, prices are surging but the tech wonโt disappear so if you want to buy low, maybe wait a while. The market is insane; NFTs are not. Thank you for taking the time to reply. I think for some of the items in your list, there's a hurdle (for me at least) that I don't think I want to enjoy / display digital art. I can't imagine wanting a screen in my home where art is displayed, although of course that is purely personal preference. My preference here may be entirely outdated, and of course may change over time. However, getting past that, I think if I did enjoy the ownership or display of digital art then I think the rest of your list makes sense. I have seen the argument on here that you could simply download the JPG and display that without owning it but with that I disagree. It's no different from saying that there's no point in owning a Banksy print when you could simply display a near-identical copy for a fraction of the cost - if the print itself, and its authenticity, is part of the art then I don't see why this would be any different for digital editions. Personally speaking I don't have the 'collector' bug - I have no desire to own something simply for the sake of owning it and for it to form part of my collection. But I am aware that 'owning stuff' is a part of this passion / hobby / addiction to many, and again I don't see why this would be any different for digital work. I think what I'm saying is that I can sort of see the benefit / excitement in this stuff, but it's not exciting to me for reasons that are perfectly fine. If I were interested in the investment side of things, I can see why this might provide an easy way for me to do that (is it really any different from buying a Hirst, keeping it in the Heni vault and never actually seeing it?). If I were a completist / had the collector bug then I can see why the verifiable ownership angle might be quite attractive. And finally if I were excited about showing and rotating digital art in my home, I can certainly see the appeal in having an authentic piece rather than a random set of JPGs. Unfortunately none of those things apply to me (at this moment in time), but I can see why they might to others. So when my brother first told me about NFT's i think I said something to the effect of "that's moronic why would anyone spend that kind of money on what's essentially a GIF?" But he persisted and I started to listen to him and try to understand it. Everything that the other person stated is the same for me, but i'd also add that the more i started researching it the more i believe that this is actually the start of a paradigm shift in how we think about ownership and identity.
I feel like a dinosaur when i'm talking to the typical NFT collector. I tried to understand why they'd pay as much for a NFT as they would for a large canvas by the artist. I couldn't understand this (and still don't to a large extent because I love physical art) but i have warmed up to the idea that "kids" who are 20 years younger to me truly are digital natives - they don't think of property ownership in the same way as I do, and don't think twice about attending a concert online or going to a gallery opening in a metaverse (as the kids call it), this is their reality. It also feels like this thing is accelerating at a pace that's both exciting and unnerving, and I feel an urgency to learn mixed with a fear of being left behind. That may be irrational, and I'm sure the folks trading tulips in Amsterdam felt a similar way, but i'm willing to bet that this merging of digital and physical reality is here to say.
I see digital as simply a new medium and expect that there will be transcendent artists that come out of this space. i haven't seen much that's blown my mind, and i only own a handful of art works, but I'm keeping an eye out for an artist that makes the kind of work that i can't stop thinking about while trying to fall asleep. I think they're out there, and by immersing myself in the market I hope that i'll be able to spot them when they come on the scene. In much the same way as street art emerged and was misunderstood by everyone in the fine art world, I think we're at the beginning of a new movement and I want to be there for it.
So, I'd just add this to the list that was posted above me because all of that holds true.
My own impression, which isnโt advice: 1. I can buy and digitally possess/control art near-instantly. 2. Once I find a buyer I can sell to that buyer near-instantly. 3. No physical space needed for display or storage unless I choose to, and then I can rotate works within the same display. 4. I can choose the size of the piece if I display it in a physical space by either changing how large it is on the screen or changing screen size. 5. I still feel a strong sense of ownership over the works. 6. A number of marketplaces already exist to provide liquidity as needed, and I would bet more are in the works. Will be very easy to submit to Sothebyโs etc. in the future I would bet. 7. No shipping concerns all around, just gas fees to send. 8. Fewer insurance concerns, though those will come with time. 9. So many people dumping on the buzzword without thinking critically is telling to me. Think about all of the above, plus how great it is for artist royalties, etc. Itโs true that thereโs a lot of junk NFT โartโ out there so just donโt buy it. Thereโs plenty of great NFT art, too. And that is a trend that will keep building, I would think. And yeah, prices are surging but the tech wonโt disappear so if you want to buy low, maybe wait a while. The market is insane; NFTs are not. Thank you for taking the time to reply. I think for some of the items in your list, there's a hurdle (for me at least) that I don't think I want to enjoy / display digital art. I can't imagine wanting a screen in my home where art is displayed, although of course that is purely personal preference. My preference here may be entirely outdated, and of course may change over time. However, getting past that, I think if I did enjoy the ownership or display of digital art then I think the rest of your list makes sense. I have seen the argument on here that you could simply download the JPG and display that without owning it but with that I disagree. It's no different from saying that there's no point in owning a Banksy print when you could simply display a near-identical copy for a fraction of the cost - if the print itself, and its authenticity, is part of the art then I don't see why this would be any different for digital editions. Personally speaking I don't have the 'collector' bug - I have no desire to own something simply for the sake of owning it and for it to form part of my collection. But I am aware that 'owning stuff' is a part of this passion / hobby / addiction to many, and again I don't see why this would be any different for digital work. I think what I'm saying is that I can sort of see the benefit / excitement in this stuff, but it's not exciting to me for reasons that are perfectly fine. If I were interested in the investment side of things, I can see why this might provide an easy way for me to do that (is it really any different from buying a Hirst, keeping it in the Heni vault and never actually seeing it?). If I were a completist / had the collector bug then I can see why the verifiable ownership angle might be quite attractive. And finally if I were excited about showing and rotating digital art in my home, I can certainly see the appeal in having an authentic piece rather than a random set of JPGs. Unfortunately none of those things apply to me (at this moment in time), but I can see why they might to others. So when my brother first told me about NFT's i think I said something to the effect of "that's moronic why would anyone spend that kind of money on what's essentially a GIF?" But he persisted and I started to listen to him and try to understand it. Everything that the other person stated is the same for me, but i'd also add that the more i started researching it the more i believe that this is actually the start of a paradigm shift in how we think about ownership and identity. I feel like a dinosaur when i'm talking to the typical NFT collector. I tried to understand why they'd pay as much for a NFT as they would for a large canvas by the artist. I couldn't understand this (and still don't to a large extent because I love physical art) but i have warmed up to the idea that "kids" who are 20 years younger to me truly are digital natives - they don't think of property ownership in the same way as I do, and don't think twice about attending a concert online or going to a gallery opening in a metaverse (as the kids call it), this is their reality. It also feels like this thing is accelerating at a pace that's both exciting and unnerving, and I feel an urgency to learn mixed with a fear of being left behind. That may be irrational, and I'm sure the folks trading tulips in Amsterdam felt a similar way, but i'm willing to bet that this merging of digital and physical reality is here to say. I see digital as simply a new medium and expect that there will be transcendent artists that come out of this space. i haven't seen much that's blown my mind, and i only own a handful of art works, but I'm keeping an eye out for an artist that makes the kind of work that i can't stop thinking about while trying to fall asleep. I think they're out there, and by immersing myself in the market I hope that i'll be able to spot them when they come on the scene. In much the same way as street art emerged and was misunderstood by everyone in the fine art world, I think we're at the beginning of a new movement and I want to be there for it. So, I'd just add this to the list that was posted above me because all of that holds true.
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kuni
Junior Member
Posts โข 1,153
Likes โข 1,818
February 2018
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NFT Art
Mar 23, 2021 17:02:49 GMT 1
NFT Art , by kuni on Mar 23, 2021 17:02:49 GMT 1, So when my brother first told me about NFT's i think I said something to the effect of "that's moronic why would anyone spend that kind of money on what's essentially a GIF?" But he persisted and I started to listen to him and try to understand it. Everything that the other person stated is the same for me, but i'd also add that the more i started researching it the more i believe that this is actually the start of a paradigm shift in how we think about ownership and identity. I feel like a dinosaur when i'm talking to the typical NFT collector. I tried to understand why they'd pay as much for a NFT as they would for a large canvas by the artist. I couldn't understand this (and still don't to a large extent because I love physical art) but i have warmed up to the idea that "kids" who are 20 years younger to me truly are digital natives - they don't think of property ownership in the same way as I do, and don't think twice about attending a concert online or going to a gallery opening in a metaverse (as the kids call it), this is their reality. It also feels like this thing is accelerating at a pace that's both exciting and unnerving, and I feel an urgency to learn mixed with a fear of being left behind. That may be irrational, and I'm sure the folks trading tulips in Amsterdam felt a similar way, but i'm willing to bet that this merging of digital and physical reality is here to say. I see digital as simply a new medium and expect that there will be transcendent artists that come out of this space. i haven't seen much that's blown my mind, and i only own a handful of art works, but I'm keeping an eye out for an artist that makes the kind of work that i can't stop thinking about while trying to fall asleep. I think they're out there, and by immersing myself in the market I hope that i'll be able to spot them when they come on the scene. In much the same way as street art emerged and was misunderstood by everyone in the fine art world, I think we're at the beginning of a new movement and I want to be there for it. So, I'd just add this to the list that was posted above me because all of that holds true. Thank you for this - it's interesting. I was quite taken by this section "I'm keeping an eye out for an artist that makes the kind of work that i can't stop thinking about while trying to fall asleep" - I think perhaps where (for me at least) this might become more exciting is to imagine what kind of art could be created that lends itself well to this medium, rather than simply scanning a photo of a physical artwork and selling the image, or selling a piece of art created digitally. I note that the Reeder piece is animated, but again it's not particularly new or exciting. I suspect that as with all technology there will be young and clever people who find ways of using it that the rest of us have yet to imagine, but when they do it'll seem obvious and natural. But hopefully the lazy and the greedy (I'm looking at you, JBoy) won't spoil it in the meantime. I agree. with this and admittadly i'm kind of biding my time at the moment buying and selling pieces where i know I can make money, holding a few pieces i like, but more so just keeping an eye out for artists that totally rethink the medium. Much in the way that artists like Kaws / Invader / Banksy have emerged as pioneers of street art, I have no doubt that there will be similar artists that come out of digital and do things that i'm not creative enough to imagine.
With the Reeder, it's kind of cool because it's his first foray into NFT's but beyond that it's not bringing anything new to the space. Another example, the other day I bought Jordy Kerwick's first NFT, which was essentially just a jpeg of one of his canvases. After sitting on it for a day and talking to him on Instagram, I decided to sell it because it wasn't all that interesting. He even admitted that when he did the NFT a year ago he didn't really know what they were and was just asked to provide some images.
I'm guessing that upwards of 95% of the art that's being cranked out will be totally worthless in the nearish future and I suppose the challenge is finding the other 5%.
So when my brother first told me about NFT's i think I said something to the effect of "that's moronic why would anyone spend that kind of money on what's essentially a GIF?" But he persisted and I started to listen to him and try to understand it. Everything that the other person stated is the same for me, but i'd also add that the more i started researching it the more i believe that this is actually the start of a paradigm shift in how we think about ownership and identity. I feel like a dinosaur when i'm talking to the typical NFT collector. I tried to understand why they'd pay as much for a NFT as they would for a large canvas by the artist. I couldn't understand this (and still don't to a large extent because I love physical art) but i have warmed up to the idea that "kids" who are 20 years younger to me truly are digital natives - they don't think of property ownership in the same way as I do, and don't think twice about attending a concert online or going to a gallery opening in a metaverse (as the kids call it), this is their reality. It also feels like this thing is accelerating at a pace that's both exciting and unnerving, and I feel an urgency to learn mixed with a fear of being left behind. That may be irrational, and I'm sure the folks trading tulips in Amsterdam felt a similar way, but i'm willing to bet that this merging of digital and physical reality is here to say. I see digital as simply a new medium and expect that there will be transcendent artists that come out of this space. i haven't seen much that's blown my mind, and i only own a handful of art works, but I'm keeping an eye out for an artist that makes the kind of work that i can't stop thinking about while trying to fall asleep. I think they're out there, and by immersing myself in the market I hope that i'll be able to spot them when they come on the scene. In much the same way as street art emerged and was misunderstood by everyone in the fine art world, I think we're at the beginning of a new movement and I want to be there for it. So, I'd just add this to the list that was posted above me because all of that holds true. Thank you for this - it's interesting. I was quite taken by this section "I'm keeping an eye out for an artist that makes the kind of work that i can't stop thinking about while trying to fall asleep" - I think perhaps where (for me at least) this might become more exciting is to imagine what kind of art could be created that lends itself well to this medium, rather than simply scanning a photo of a physical artwork and selling the image, or selling a piece of art created digitally. I note that the Reeder piece is animated, but again it's not particularly new or exciting. I suspect that as with all technology there will be young and clever people who find ways of using it that the rest of us have yet to imagine, but when they do it'll seem obvious and natural. But hopefully the lazy and the greedy (I'm looking at you, JBoy) won't spoil it in the meantime. I agree. with this and admittadly i'm kind of biding my time at the moment buying and selling pieces where i know I can make money, holding a few pieces i like, but more so just keeping an eye out for artists that totally rethink the medium. Much in the way that artists like Kaws / Invader / Banksy have emerged as pioneers of street art, I have no doubt that there will be similar artists that come out of digital and do things that i'm not creative enough to imagine. With the Reeder, it's kind of cool because it's his first foray into NFT's but beyond that it's not bringing anything new to the space. Another example, the other day I bought Jordy Kerwick's first NFT, which was essentially just a jpeg of one of his canvases. After sitting on it for a day and talking to him on Instagram, I decided to sell it because it wasn't all that interesting. He even admitted that when he did the NFT a year ago he didn't really know what they were and was just asked to provide some images. I'm guessing that upwards of 95% of the art that's being cranked out will be totally worthless in the nearish future and I suppose the challenge is finding the other 5%.
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 23, 2021 17:11:10 GMT 1
NFT Art , by Fะฏ on Mar 23, 2021 17:11:10 GMT 1, The part that people are missing is that you're relying on technology to prove ownership. There are people already sharing stories of accounts being compromised and assets transfered out with no recourse being possible. How do you insure something that can't be destroyed but can be irreversibly transfered with a few taps of a finger? Furthermore, in some cases you're relying on private companies to prove ownership. If and when the company shuts down due to lack of interest or capital, your ownership is now gone. nothing on blockchain can be deleted by anyone.
you cant transfer out a blockchain asset unless the persons account was hacked on a website or platform. then thats their stupid fault.
the blockchain is forever you just need to token number to look it up.
The part that people are missing is that you're relying on technology to prove ownership. There are people already sharing stories of accounts being compromised and assets transfered out with no recourse being possible. How do you insure something that can't be destroyed but can be irreversibly transfered with a few taps of a finger? Furthermore, in some cases you're relying on private companies to prove ownership. If and when the company shuts down due to lack of interest or capital, your ownership is now gone. nothing on blockchain can be deleted by anyone. you cant transfer out a blockchain asset unless the persons account was hacked on a website or platform. then thats their stupid fault. the blockchain is forever you just need to token number to look it up.
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 23, 2021 17:15:27 GMT 1
NFT Art , by Fะฏ on Mar 23, 2021 17:15:27 GMT 1, You cant delete the data though, with an NFT it is just down to who did it first being the original. Someone could steal and repost but its obvious its a copy as its all logged
You cant delete the data though, with an NFT it is just down to who did it first being the original. Someone could steal and repost but its obvious its a copy as its all logged
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 23, 2021 17:16:33 GMT 1
NFT Art , by Fะฏ on Mar 23, 2021 17:16:33 GMT 1, nothing on blockchain can be deleted by anyone. you cant transfer out a blockchain asset unless the persons account was hacked on a website or platform. then thats their stupid fault. the blockchain is forever you just need to token number to look it up. The blockchain is not forever if the company is using their own, like in the case of NBA top shots. At which point its just a database with a fancy name. can you just google 'is the blockchain forever' - it will save me typing.
nothing on blockchain can be deleted by anyone. you cant transfer out a blockchain asset unless the persons account was hacked on a website or platform. then thats their stupid fault. the blockchain is forever you just need to token number to look it up. The blockchain is not forever if the company is using their own, like in the case of NBA top shots. At which point its just a database with a fancy name. can you just google 'is the blockchain forever' - it will save me typing.
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 23, 2021 17:18:16 GMT 1
NFT Art , by Fะฏ on Mar 23, 2021 17:18:16 GMT 1, can you just google 'is the blockchain forever' - it will save me typing. You really have no idea what you're talking about at this point. well you dont if you think each person (or company if your going to be smart) has their own blockchain. lol.
can you just google 'is the blockchain forever' - it will save me typing. You really have no idea what you're talking about at this point. well you dont if you think each person (or company if your going to be smart) has their own blockchain. lol.
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Sixty Bells
New Member
Posts โข 361
Likes โข 457
October 2020
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NFT Art
Mar 23, 2021 17:20:19 GMT 1
NFT Art , by Sixty Bells on Mar 23, 2021 17:20:19 GMT 1, Imagine living in a house with screens on every wall, playing 15 second loops of some 3D visualisers latest multicoloured NFT. It'll give you a nervous breakdown
Imagine living in a house with screens on every wall, playing 15 second loops of some 3D visualisers latest multicoloured NFT. It'll give you a nervous breakdown
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Fะฏ
Full Member
Posts โข 8,248
Likes โข 9,236
May 2013
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NFT Art
Mar 23, 2021 17:20:33 GMT 1
NFT Art , by Fะฏ on Mar 23, 2021 17:20:33 GMT 1, well you dont if you think each person has their own blockchain. lol. You're really just digging the hole deeper at this point... If you mean nodes, then your also wrong as you cant delete info as there will be a record on another node somewhere. millions of nodes
well you dont if you think each person has their own blockchain. lol. You're really just digging the hole deeper at this point... If you mean nodes, then your also wrong as you cant delete info as there will be a record on another node somewhere. millions of nodes
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