Digital art sells for 69 M$

STANDY · Mar 12, 2021

pdxleaf
Perhaps. But does anyone really think a Snoopy2 or Tin tin or old Rolex or any other old hunk of metal is intrinsically worth tens of thousands of dollars (or more?)

Circles of fools all trusting in the same things.

Dan S
I think that most people buying mass produced watches like the ones you mentioned, aren't mainly focusing on them as investments or assets. At least that's the way I feel about it, as do most of the collectors I know.

Well the 80% that do think of them as investments and assets that are lead by the YouTube and watch website bloggers are going to make anything new hard to buy in the future.

Lucasssssss · Mar 12, 2021

Observer
I wonder what the point of converting ETH into NFTs is vs USD. The IRS will hit you with cap gains taxes based on USD equivalent values anytime you exchange. Maybe other countries are different.

Christies accept ETH as payment

Deafboy · Mar 13, 2021

From CNN:
The buyer of a digital artwork sold for $69 million was named as a crypto asset investor known by the pseudonym "Metakovan," auction house Christie's confirmed on Friday. Metakovan, founder and funder of Metapurse, the largest NFT fund in the world, was behind the astronomical purchase.

connieseamaster · Mar 13, 2021

Foo2rama
Remember there can be copies...

Not really. The whole point of NFT is that blockchain technology is providing a unique identifier that can also be used to trace the provenance of a piece. It's like having a watch where the serial number gives you instant access to the production data/archive extract as well as every person who owned the watch previously. Definitely going to be revolutionizing the collectible space

Lucasssssss · Mar 13, 2021

Deafboy
From CNN:
The buyer of a digital artwork sold for $69 million was named as a crypto asset investor known by the pseudonym "Metakovan," auction house Christie's confirmed on Friday. Metakovan, founder and funder of Metapurse, the largest NFT fund in the world, was behind the astronomical purchase.

Sounds like a good way to inflate the market if you already have a large stake in NFT.

connieseamaster
Not really. The whole point of NFT is that blockchain technology is providing a unique identifier that can also be used to trace the provenance of a piece. It's like having a watch where the serial number gives you instant access to the production data/archive extract as well as every person who owned the watch previously. Definitely going to be revolutionizing the collectible space

How about a screenshot?

OmegaFan503 · Mar 13, 2021

I am in the wrong business? 👎

Observer · Mar 13, 2021

OmegaFan503
I am in the wrong business? 👎

Yes. But untold riches await you if you buy this 1955 Rolex GMT Master NFT for the low price of $10,000 US dollars. Hurry, or you’ll miss out.

Darlinboy · Mar 13, 2021

I've got no use for this for this digital art fad. 🙄

Instead, have put all of my Dogecoin into NBA Top Shots.

🍿

Digital art sells for 69 M$

STANDY

Lucasssssss

Deafboy

connieseamaster

Lucasssssss

OmegaFan503

Observer

Darlinboy

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