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Damien Hirst H10 • The Empresses, by Universal Dav on Jan 31, 2022 19:28:53 GMT 1, Feels like Heni don’t even know what happens after three years. Surely you just get left with an nft, an nft edition….
Feels like Heni don’t even know what happens after three years. Surely you just get left with an nft, an nft edition….
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Londown 01
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Damien Hirst H10 • The Empresses, by Londown 01 on Jan 31, 2022 19:35:55 GMT 1,
I don't understand the excitement:
To take a photo of something and then press the "print" button is not really a legitimate artistic process.
It's like buying a fancy poster from the museum gift shop.
I don't understand the excitement:
To take a photo of something and then press the "print" button is not really a legitimate artistic process.
It's like buying a fancy poster from the museum gift shop.
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buffin
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Damien Hirst H10 • The Empresses, by buffin on Jan 31, 2022 19:38:24 GMT 1, I don't understand the excitement: To take a photo of something and then press the "print" button is not really a legitimate artistic process. It's like buying a fancy poster from the museum gift shop.
Ah but it’s got a sticker on the back 😂
I don't understand the excitement: To take a photo of something and then press the "print" button is not really a legitimate artistic process. It's like buying a fancy poster from the museum gift shop. Ah but it’s got a sticker on the back 😂 |
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Damien Hirst H10 • The Empresses, by Hobby Artist on Jan 31, 2022 19:48:08 GMT 1, Feels like Heni don’t even know what happens after three years. Surely you just get left with an nft, an nft edition….
The idea behind seems to be, to make trading/flipping more comfortable and to participate on these trades.
But maybe I'm completely wrong!
Feels like Heni don’t even know what happens after three years. Surely you just get left with an nft, an nft edition…. My clearly understanding is you will be left back with an expired (and worthless) voucher if you don't change it into the physical print within that period of time... The idea behind seems to be, to make trading/flipping more comfortable and to participate on these trades. But maybe I'm completely wrong! |
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Damien Hirst H10 • The Empresses, by Happy Shopper on Jan 31, 2022 19:48:57 GMT 1, But to my old mind the currency ticket expires too when you can no longer trade for the physical art. One is an original, the other is a print... that's the only difference I can see. The currency if not changed for real will always be an NFT of the artwork and the real will be destroyed The Empresses if not changed for real will not be an NFT of the artwork and the real will be destroyed
They've said what happens to the print will be up to them, not that it will definitely be destroyed. Plus that would change the edition size, which would also be wrong (especially if it's printed on the label).
You may not be left with an NFT linked to an original artwork, but you will still be left with an NFT of some sort... with an unknown value (at this point)
But to my old mind the currency ticket expires too when you can no longer trade for the physical art. One is an original, the other is a print... that's the only difference I can see. The currency if not changed for real will always be an NFT of the artwork and the real will be destroyed The Empresses if not changed for real will not be an NFT of the artwork and the real will be destroyed They've said what happens to the print will be up to them, not that it will definitely be destroyed. Plus that would change the edition size, which would also be wrong (especially if it's printed on the label). You may not be left with an NFT linked to an original artwork, but you will still be left with an NFT of some sort... with an unknown value (at this point) |
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Damien Hirst H10 • The Empresses, by Charlie Bronson on Jan 31, 2022 19:50:10 GMT 1, I'm not sure why all the confusion. The NFT is a ticket to the Super Bowl. You can use it to actually go to the Super Bowl yourself, or you can trade it or sell it for whatever amount someone is willing to pay up until game day. If you choose not to attend the superbowl and you did not sell the ticket to the superbowl, you are left with a worthless piece of paper (or digital token).
Exactly. That being said, I’d bet a good amount of people buying aren’t aware that this is the case, despite reading the fine print.
I'm not sure why all the confusion. The NFT is a ticket to the Super Bowl. You can use it to actually go to the Super Bowl yourself, or you can trade it or sell it for whatever amount someone is willing to pay up until game day. If you choose not to attend the superbowl and you did not sell the ticket to the superbowl, you are left with a worthless piece of paper (or digital token). Exactly. That being said, I’d bet a good amount of people buying aren’t aware that this is the case, despite reading the fine print. |
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Damien Hirst H10 • The Empresses, by Sunny Garcia on Jan 31, 2022 19:50:54 GMT 1, But to my old mind the currency ticket expires too when you can no longer trade for the physical art. One is an original, the other is a print... that's the only difference I can see. The currency if not changed for real will always be an NFT of the artwork and the real will be destroyed The Empresses if not changed for real will not be an NFT of the artwork and the real will be destroyed
So why buy the NFT at all? To simply save in shipping charges? If you don't go for the physical immediately, you're eventually going to have to collect it (within 3 years), or sell the rights to it?
Am I missing anything else?
But to my old mind the currency ticket expires too when you can no longer trade for the physical art. One is an original, the other is a print... that's the only difference I can see. The currency if not changed for real will always be an NFT of the artwork and the real will be destroyed The Empresses if not changed for real will not be an NFT of the artwork and the real will be destroyed Exactly ^^ So why buy the NFT at all? To simply save in shipping charges? If you don't go for the physical immediately, you're eventually going to have to collect it (within 3 years), or sell the rights to it? Am I missing anything else? |
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Wanchope
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Damien Hirst H10 • The Empresses, by Wanchope on Jan 31, 2022 20:17:06 GMT 1, can this be broken down anyway to mean anything ? Probably not as my number is nowhere near this number, but then again I did by 15 
15 wow that’s confidence for you and thanks for a decent reply unlike the stupid DM I just had from the txxx who posted the number…..
can this be broken down anyway to mean anything ? Probably not as my number is nowhere near this number, but then again I did by 15 15 wow that’s confidence for you and thanks for a decent reply unlike the stupid DM I just had from the txxx who posted the number….. |
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Damien Hirst H10 • The Empresses, by Acme Thunderer on Jan 31, 2022 20:47:26 GMT 1, I’m amazed that there are people who are financially well off to buy this (so I assume educated), but they can’t understand the difference between an ‘NFT deed’ and ‘NFT artwork’. I’m sure some people are just acting stupid on purpose. 😂
I’m amazed that there are people who are financially well off to buy this (so I assume educated), but they can’t understand the difference between an ‘NFT deed’ and ‘NFT artwork’. I’m sure some people are just acting stupid on purpose. 😂
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Damien Hirst H10 • The Empresses, by Happy Shopper on Jan 31, 2022 21:12:03 GMT 1, I’m amazed that there are people who are financially well off to buy this (so I assume educated), but they can’t understand the difference between an ‘NFT deed’ and ‘NFT artwork’. I’m sure some people are just acting stupid on purpose. 😂
I understand the difference as it’s being described by HENI.
But to say there’s a big difference between an NFT Deed, and an art NFT (like ones released DFace, for example), which are all the same, don’t have utility, don’t have real art attached, seems delusional.
Unless I’m missing something?
I hope there’s something big I’m missing, because it’s not very clear.
I’m amazed that there are people who are financially well off to buy this (so I assume educated), but they can’t understand the difference between an ‘NFT deed’ and ‘NFT artwork’. I’m sure some people are just acting stupid on purpose. 😂 I understand the difference as it’s being described by HENI. But to say there’s a big difference between an NFT Deed, and an art NFT (like ones released DFace, for example), which are all the same, don’t have utility, don’t have real art attached, seems delusional. Unless I’m missing something? I hope there’s something big I’m missing, because it’s not very clear. |
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Damien Hirst H10 • The Empresses, by Lord Lucas Roham on Jan 31, 2022 21:12:06 GMT 1, The NFT Deed is like a retail gift voucher for M&S. Once it expires or they go bust you're left with a worthless piece of paper, in this case not even paper.
The NFT Deed is like a retail gift voucher for M&S. Once it expires or they go bust you're left with a worthless piece of paper, in this case not even paper.
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Damien Hirst H10 • The Empresses, by Sixty Bells on Jan 31, 2022 21:26:29 GMT 1, There’s about 18 pages here of people thinking up metaphors for NFTs 🤣
There’s about 18 pages here of people thinking up metaphors for NFTs 🤣
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Damien Hirst H10 • The Empresses, by Lord Lucas Roham on Jan 31, 2022 21:30:58 GMT 1, No one talks art anymore.
No one talks art anymore.
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Petrusino
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Damien Hirst H10 • The Empresses, by Petrusino on Jan 31, 2022 21:40:46 GMT 1, Guys, can someone create a poll to get an idea of how many people have bought nft and how many the physical print?..just out of curiosity.
Guys, can someone create a poll to get an idea of how many people have bought nft and how many the physical print?..just out of curiosity.
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Damien Hirst H10 • The Empresses, by Sunny Garcia on Jan 31, 2022 21:42:55 GMT 1, Anyone on why you’d actually get the NFT deed!?
Anyone on why you’d actually get the NFT deed!?
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Damien Hirst H10 • The Empresses, by Acme Thunderer on Jan 31, 2022 21:49:09 GMT 1, Anyone on why you’d actually get the NFT deed!?
B) Don’t have to worry about storage costs or space to store at home
C) Don’t have to tell girlfriend/wife (within 3 years)
D) Confused you were buying NFT artwork 😂
Or…
E) Had no intention on ever putting on the wall and just want to sell
Anyone on why you’d actually get the NFT deed!? A) So you can sell overseas easily B) Don’t have to worry about storage costs or space to store at home C) Don’t have to tell girlfriend/wife (within 3 years) D) Confused you were buying NFT artwork 😂 Or… E) Had no intention on ever putting on the wall and just want to sell |
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Damien Hirst H10 • The Empresses, by Universal Dav on Jan 31, 2022 21:50:24 GMT 1, Anyone on why you’d actually get the NFT deed!?
Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months.
Anyone on why you’d actually get the NFT deed!? Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months. |
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Damien Hirst H10 • The Empresses, by Sunny Garcia on Jan 31, 2022 21:56:40 GMT 1, Anyone on why you’d actually get the NFT deed!? Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months.
Why would the deed ever be worth more than the physical print?
Anyone on why you’d actually get the NFT deed!? Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months. Why would the deed ever be worth more than the physical print? |
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Damien Hirst H10 • The Empresses, by Sunny Garcia on Jan 31, 2022 22:02:43 GMT 1, Anyone on why you’d actually get the NFT deed!? A) So you can sell overseas easily B) Don’t have to worry about storage costs or space to store at home C) Don’t have to tell girlfriend/wife (within 3 years) D) Confused you were buying NFT artwork 😂 Or… E) Had no intention on ever putting on the wall and just want to sell
Haha. Only “E” makes sense, I guess 🤷🏼
Anyone on why you’d actually get the NFT deed!? A) So you can sell overseas easily B) Don’t have to worry about storage costs or space to store at home C) Don’t have to tell girlfriend/wife (within 3 years) D) Confused you were buying NFT artwork 😂 Or… E) Had no intention on ever putting on the wall and just want to sell Haha. Only “E” makes sense, I guess 🤷🏼 |
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Riotcops
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Damien Hirst H10 • The Empresses, by Riotcops on Jan 31, 2022 22:04:29 GMT 1, Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months. Why would the deed ever be worth more than the physical print?
The deed is not worth more than the physical, they are all tentatively priced the same. The NFTs cannot logically be more than the physicals as per the Currency.
I live in US - I buy an NFT. Thus saving, $200 on shipping and $200 on taxes. Maybe $100 in storage. (The NFTs are strictly for investment, no one is going to buy the NFT if they want to hang it on the wall).
I sell NFT deed to someone in Tasmania for $5000. They get the print shipped to them.
I make $1500 vs $1000. Repeat 10x for how many NFTs people invest in.
Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months. Why would the deed ever be worth more than the physical print? Why is this so confusing to everyone. The deed is not worth more than the physical, they are all tentatively priced the same. The NFTs cannot logically be more than the physicals as per the Currency. I live in US - I buy an NFT. Thus saving, $200 on shipping and $200 on taxes. Maybe $100 in storage. (The NFTs are strictly for investment, no one is going to buy the NFT if they want to hang it on the wall). I sell NFT deed to someone in Tasmania for $5000. They get the print shipped to them. I make $1500 vs $1000. Repeat 10x for how many NFTs people invest in. |
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teabaggins
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Damien Hirst H10 • The Empresses, by teabaggins on Jan 31, 2022 22:10:37 GMT 1, Well, this thread seems to be coming down to the old saying. “I can explain it to you but I can’t understand it for you”. It’s all been answered / clarified at this point. To learn or not to learn I guess … 🤷🏻♂️
Well, this thread seems to be coming down to the old saying. “I can explain it to you but I can’t understand it for you”. It’s all been answered / clarified at this point. To learn or not to learn I guess … 🤷🏻♂️
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Damien Hirst H10 • The Empresses, by Acme Thunderer on Jan 31, 2022 22:16:45 GMT 1, Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months. Why would the deed ever be worth more than the physical print?
And I know owners can exchange their NFT Deed for a physical at anytime within 3 years, but remember it may take time if waiting on Heni and there will be extra costs later on.
My advice is if you are buying to sell, just buy the physical and enjoy it for a bit and then sell it. You don’t even have to buy a frame as there will be fixing on the back. Just remember to keep the packaging.
Well you have nothing to lose, you still get your print. In the meantime if these NFT deeds are selling for more than the physicals then you made a better investment if you’re looking to flip it at some point in the next 36 months. Why would the deed ever be worth more than the physical print? The value of the NFT Deed on Opensea will fluctuate depending on the ETH exchange rate. I know some people have previously not got their head around how a physical piece will be more stable and not fluctuate as much (someone will try to argue this point, although it’s true!), but it all depends on how people will prefer to buy their artwork - i.e. ETH or £/$’s? We know that most people deal in £/$’s 😀 And I know owners can exchange their NFT Deed for a physical at anytime within 3 years, but remember it may take time if waiting on Heni and there will be extra costs later on. My advice is if you are buying to sell, just buy the physical and enjoy it for a bit and then sell it. You don’t even have to buy a frame as there will be fixing on the back. Just remember to keep the packaging. |
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Damien Hirst H10 • The Empresses, by JAlternatión on Jan 31, 2022 22:19:52 GMT 1, Anyone on why you’d actually get the NFT deed!?
1) I'm in the (very slow) process of moving home so don't have to store them or worry about them getting caught between addresses
2) Not needing to pay VAT at this point means I could afford 3 rather than the 2 I could have done otherwise, and pay the VAT when I get the physicals
Anyone on why you’d actually get the NFT deed!? For me personally.... 1) I'm in the (very slow) process of moving home so don't have to store them or worry about them getting caught between addresses 2) Not needing to pay VAT at this point means I could afford 3 rather than the 2 I could have done otherwise, and pay the VAT when I get the physicals |
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Damien Hirst H10 • The Empresses, by Acme Thunderer on Jan 31, 2022 22:24:43 GMT 1, Anyone on why you’d actually get the NFT deed!? For me personally.... 1) I'm in the (very slow) process of moving home so don't have to store them or worry about them getting caught between addresses 2) Not needing to pay VAT at this point means I could afford 3 rather than the 2 I could have done otherwise, and pay the VAT when I get the physicals
Anyone on why you’d actually get the NFT deed!? For me personally.... 1) I'm in the (very slow) process of moving home so don't have to store them or worry about them getting caught between addresses 2) Not needing to pay VAT at this point means I could afford 3 rather than the 2 I could have done otherwise, and pay the VAT when I get the physicals All the best for the house move 😀 |
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Damien Hirst H10 • The Empresses, by tasmannelson on Jan 31, 2022 22:35:18 GMT 1, Saving VAT is good reason to by the deed. Deed is then exchanged for the print minus the tax. Seems like a good idea to those owning an NFT and is UK based.
Saving VAT is good reason to by the deed. Deed is then exchanged for the print minus the tax. Seems like a good idea to those owning an NFT and is UK based.
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Damien Hirst H10 • The Empresses, by Random Ginger Bloke on Jan 31, 2022 22:59:53 GMT 1, There’s about 18 pages here of people thinking up metaphors for NFTs 🤣
There’s about 18 pages here of people thinking up metaphors for NFTs 🤣 |
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buffin
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Damien Hirst H10 • The Empresses, by buffin on Jan 31, 2022 23:04:22 GMT 1, Saving VAT is good reason to by the deed. Deed is then exchanged for the print minus the tax. Seems like a good idea to those owning an NFT and is UK based. If Heni allow you to do this then enjoy the saving. But this is certainly not a legal or sustainable tax strategy on Henri’s behalf. Otherwise we can expect to see Currys selling dishwashers as a redeemable NFT for a ~17% saving to the consumer.
Wonder why a U.K. based company charges customers in $ ?
Saving VAT is good reason to by the deed. Deed is then exchanged for the print minus the tax. Seems like a good idea to those owning an NFT and is UK based. If Heni allow you to do this then enjoy the saving. But this is certainly not a legal or sustainable tax strategy on Henri’s behalf. Otherwise we can expect to see Currys selling dishwashers as a redeemable NFT for a ~17% saving to the consumer. Wonder why a U.K. based company charges customers in $ ? |
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lello
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Damien Hirst H10 • The Empresses, by lello on Feb 1, 2022 1:39:47 GMT 1, Do you get any kind of COA if you buy the physical and not the NFT?
Do you get any kind of COA if you buy the physical and not the NFT?
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teabaggins
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Damien Hirst H10 • The Empresses, by teabaggins on Feb 1, 2022 1:47:44 GMT 1, Do you get any kind of COA if you buy the physical and not the NFT?
No COA issued on the physical.
Do you get any kind of COA if you buy the physical and not the NFT? No COA issued on the physical. |
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snoozy
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Damien Hirst H10 • The Empresses, by snoozy on Feb 1, 2022 2:36:48 GMT 1, Quick thought, if you buy in UK, in $, you may get charged an exchange fee from your bank, add vat, and then the fact they don't guarantee they will ship from UK...could be an expense you should check on...
Quick thought, if you buy in UK, in $, you may get charged an exchange fee from your bank, add vat, and then the fact they don't guarantee they will ship from UK...could be an expense you should check on...
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