4 ms·

I bought one of his "Into the Ether" NFTs[1] but now I'm in a fairly interesting position. If I prove ownership of the artwork (via a signed message from the ad

by qixxiq 6y ago

I bought one of his "Into the Ether" NFTs[1] but now I'm in a fairly interesting position. If I prove ownership of the artwork (via a signed message from the address) then Beeple will send the physical artwork to me but it'll immediately lose a high percentage of its value (currently trading at ~$90,000 from $969 original). Right now it's owned/stored by the artist and someone buying the piece from me would be able to get it delivered directly from Beeple. That's a new level of unboxed where the piece of art is basically unseen at this point in time and can easily be guaranteed original. [1] https://niftygateway.com/itemdetail/primary/0xd92e44ac213b9ebda0178e1523cc0ce177b7fa96/3 https://niftygateway.com/itemdetail/primary/0xd92e44ac213b9e...

Pulcinella 6y ago
What “physical” art? Doesn’t he do digital art? Anyone can just make more prints.
- CitrusFruits 6y ago
  If you read the article it says that Beeple is sending winners of auction items with a physical titanium framed lcd screen, complete with a serial number and QR code linking to the ownership registrar, showcasing the artwork they now own.
  - biryani_chicken 6y ago
    Is the value of the art in the titanium lcd or in the pixels themselves?
fumblebee 6y ago
Out of curiosity, when did you buy the artwork? $969 -> ~$90,000 is astounding, and I'm assuming it happened within a short time frame.
- qixxiq 6y ago
  Was released early December, was pretty confident about it-- probably should have bought more than one ;)
libertine 6y ago
>Right now it's owned/stored by the artist and someone buying the piece from me would be able to get it delivered directly from Beeple. That's a new level of unboxed where the piece of art is basically unseen at this point in time and can easily be guaranteed original. But doesn't this defeat the goal of NFT? If you are the owner, then if it's stored by the creator or not it's irrelevant, right? It's just like buying anything from an artist, save the receipt and ask him to store it from you, the difference is that storage of a, let's say painting, requires more space and controlled humidity/temp.
- tshaddox 6y ago
  > But doesn't this defeat the goal of NFT? If you are the owner, then if it's stored by the creator or not it's irrelevant, right? Assuming the creator is trustworthy, then I don't think so. Isn't this common in the art world? I thought lots of expensive art is stored in expensive secured vaults. Or maybe I'm thinking of the film Tenet (I don't actually know anything about the art world).
  - trhway 6y ago
    >lots of expensive art is stored in expensive secured vaults in tariff/tax free zones between jurisdictions, in a kind of customs limbo - exported from one jurisdiction, yet not imported into another (and thus no need to pay taxes/tariffs). The bill of sale is basically your NFT.
gh9955 6y ago
It depends - what number edition are you holding - or if you don't want to be specific what 10 digit range?

by qixxiq 6y ago

Pulcinella 6y ago

What “physical” art? Doesn’t he do digital art? Anyone can just make more prints.

CitrusFruits 6y ago
If you read the article it says that Beeple is sending winners of auction items with a physical titanium framed lcd screen, complete with a serial number and QR code linking to the ownership registrar, showcasing the artwork they now own.
- biryani_chicken 6y ago
  Is the value of the art in the titanium lcd or in the pixels themselves?

fumblebee 6y ago

Out of curiosity, when did you buy the artwork? $969 -> ~$90,000 is astounding, and I'm assuming it happened within a short time frame.

qixxiq 6y ago
Was released early December, was pretty confident about it-- probably should have bought more than one ;)

libertine 6y ago

>Right now it's owned/stored by the artist and someone buying the piece from me would be able to get it delivered directly from Beeple. That's a new level of unboxed where the piece of art is basically unseen at this point in time and can easily be guaranteed original. But doesn't this defeat the goal of NFT? If you are the owner, then if it's stored by the creator or not it's irrelevant, right? It's just like buying anything from an artist, save the receipt and ask him to store it from you, the difference is that storage of a, let's say painting, requires more space and controlled humidity/temp.

tshaddox 6y ago
> But doesn't this defeat the goal of NFT? If you are the owner, then if it's stored by the creator or not it's irrelevant, right? Assuming the creator is trustworthy, then I don't think so. Isn't this common in the art world? I thought lots of expensive art is stored in expensive secured vaults. Or maybe I'm thinking of the film Tenet (I don't actually know anything about the art world).
- trhway 6y ago
  >lots of expensive art is stored in expensive secured vaults in tariff/tax free zones between jurisdictions, in a kind of customs limbo - exported from one jurisdiction, yet not imported into another (and thus no need to pay taxes/tariffs). The bill of sale is basically your NFT.

gh9955 6y ago

It depends - what number edition are you holding - or if you don't want to be specific what 10 digit range?