As a whole, the global art investment
Posted: Sun Jan 19, 2025 9:58 am
As a whole, the global art investment space is fickle and not very germany whatsapp number data to the average person. It’s unlikely that most people would be able to tell the difference between a $1,000 versus a $10,000 painting, or whether a sculpture belongs in a home foyer versus an art museum. The same is true in the NFT space. A LOT of the value of art comes down to personal preference and disposable income.
Ask yourself – how many homes have you ever walked in and been able to identify a custom piece of rare art? Personally, over my entire life, I don’t think I’ve ever seen something that wasn’t cheap and mass-produced. The idea that the average person is now an art critic and will trade digital art for profit or hold it as a family heirloom just doesn’t make sense.
Sure, maybe NFTs can be used to raise money for charity projects, or artists, musicians, and other creatives can earn money by selling NFT to their fans. I’m not saying that the entire NFT space is a scam. As an investment, however, I just don’t buy into it, and I won’t be buying NFTs as an investment.
Furthermore, the idea that because a project is famous for two years doesn’t justify the label of “blue chip” as compared to the context of blue chip stocks. Maybe…MAYBE there will be some interest in Crypto Punks in 20 or 30 years, but that’s basically my only personal guess as to what might survive long term. So if you have $150k laying around and you don’t mind risking it all, then that’s a good place to start.
Ask yourself – how many homes have you ever walked in and been able to identify a custom piece of rare art? Personally, over my entire life, I don’t think I’ve ever seen something that wasn’t cheap and mass-produced. The idea that the average person is now an art critic and will trade digital art for profit or hold it as a family heirloom just doesn’t make sense.
Sure, maybe NFTs can be used to raise money for charity projects, or artists, musicians, and other creatives can earn money by selling NFT to their fans. I’m not saying that the entire NFT space is a scam. As an investment, however, I just don’t buy into it, and I won’t be buying NFTs as an investment.
Furthermore, the idea that because a project is famous for two years doesn’t justify the label of “blue chip” as compared to the context of blue chip stocks. Maybe…MAYBE there will be some interest in Crypto Punks in 20 or 30 years, but that’s basically my only personal guess as to what might survive long term. So if you have $150k laying around and you don’t mind risking it all, then that’s a good place to start.