OT: JPG sells for $69.3 Million!!

Adobe Community Professional ,
Mar 26, 2021 Mar 26, 2021

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https://community.adobe.com/t5/the-lounge/jpg-sells-for-69-3-million/td-p/11929169

 

Nancy O'Shea, Adobe Product User & Community Professional
Alt-Web Design & Publishing ~ Web : Print : Graphics : Media
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Adobe Community Professional ,
Mar 26, 2021 Mar 26, 2021

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There was always going to be more to this. 

Crypto investor who bought Beeple NFT had financial interest in art-based crypto coin - The Washingt...

 

It puts you in mind of Peter Lik who we believe paid crazy money for one of his own photographs in order to inflate the price of his work in general.  You'd need to be thinking long term when playing the art market like that as the auction house will want their percentage regardless of who actually bought the piece.  

 

What also sucks about NFTs is that cynics like Banksy can't arrange for a piece to be shredded right after it is sold, and even that stunt backfired somewhat, as it was thought that semi shredded piece actually became more valuable as a result of the stunt.  You can't win.  Whether it be clever rich folk manipulating the art world to inflate prices, or idiots who will always swear that the King is wearing a particularly fine suite of clothes, when normal folk, who do not have their heads up their rear ends, look on confused because the king is stark bollock naked, the art world is going to have its share of con men and women.

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Adobe Community Professional ,
Mar 28, 2021 Mar 28, 2021

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Have you ever pondered how many fake Rothkos, Pollocks, Vermeers and Basquiats are hanging in prestigious galleries at this moment?  As insane as this may be to rational people, fakes with great provenance can fetch as much or more than the real thing. 

https://www.amazon.com/Provenance-Forger-Rewrote-History-Modern-ebook/dp/B002IPZG4A

 

Nancy O'Shea, Adobe Product User & Community Professional
Alt-Web Design & Publishing ~ Web : Print : Graphics : Media

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