NFT Art Value Debate

Yes.Buying an NFT isn't like buying a piece of art you can put on your wall, it's like buying a signed, numbered, limited edition card that has the address of where the actual owner has the art on his wall....except the address might be wrong. Or become wrong when the actual art changes hands, or the owner dies. Also nothing stops the artist from making a new print run of the cards. Or someone who isn't the artist making a print run of the cards.But I mean, even if

Generally when the artist endorses it. NFTs give you a token that represents a piece of art they made which you can move and resell independently, even if the artist is no longer around. I personally am not very likely to buy any, but I can see the appeal (it's much the same as owning the originals of any other bit of art as opposed to a copy). The current cost of creating and moving them around is unfortunate, however (and reflects the immaturity of crypto as a whole. I believe ethereum is

Not a fan of NFTs, but my understanding is the NFT is the signature, not the art itself. If you're just trying to make your wall pretty you don't buy signed art that costs a lot of money. If you're buying signed art, you're thinking of resale value. That's all the NFT is, is the signature.

Paintings are not the best example (although even there: plenty of paintings that can be forged perfectly, and some where the originals have not actually been painted by "the artist"), but lots of Art can be perfectly reproduced and the generally accepted value is still in "the original(s)", not any of the reproduction. Some installation pieces literally only exist as instructions on how to create them - and still the right to make "the one" is a valuable thing sold

You are entirely misunderstanding the purpose of NFTs.As a first-hand buyer, you are paying to act as a patron for artists/projects that you believe in. You enable those people to spend time producing more art that you like.This is a very interesting and valuable use-case in and of itself.I have recently started putting up my digital work and it is the first time in my life (41) that I can create unique works and have access to a market that allows people to support me.Don'

Genuine question, do you understand the value buying a price of certified art and registering it as yours?To oversimplify, an NFT shares the following properties to art:* creator fame* non-fungible (my copy of your Mona Lisa isn't a Mona Lisa)You can argue about people doing better things with their time and money and I'd probably agree but I can see the value in owning a piece of history.

The fact that something is or isn't one of a kind doesn't make it valuable though. If value only came from the art itself then whether something was one of a kind shouldn't matter - especially so if a reproduction is close enough that they are visually identical. For expensive paintings the value of the painting is completely separate from the art itself - I think we can agree that a Picasso would sell for a lot less if you didn't tell people it was painted by Picasso. That&#

Things aren't given fundamental value by being an NFT so its weird to expect anything other than the value of ownership of what your NFT gives you. If people are buying NFTs thinking they have value simply because they are NFTs they are going to lose money. What an NFT provides is effectively a way to guarantee the artist - in this case. Think of it like a signed original print from an artist - what an NFT does is effectively similar.

I'm not necessarily an NFT proponent, but to be fair, you can also duplicate art in the real world. Forgeries and replicas of the Mona Lisa and other famous art exist, and are sometimes so good they fool museum curators for years. Yet, they're almost worthless compared to the original. Why?

Yes in fact artwork has traditionally been used for this sort of thing as well. It's the kind of thing that could sell for a million dollars, without any way for an outsider to determine that this is a fair price. NFTs just supercharge this dynamic.