5 ms·
This doesn't hold up under scrutiny. Look at the Christie's beeple auction- the guy was a normal middle class person going through a reputable dealer.
by dharmab 5y ago
This doesn't hold up under scrutiny. Look at the Christie's beeple auction- the guy was a normal middle class person going through a reputable dealer.
- th0ma5 5y agoMany people who love this sort of thing say that it was a stunt. Do you have any examples of other normal middle class persons' art at Christie's?
- carlhancock757 5y agoThat buyer most definitely wasn't some normal middle class person. He was someone well known in the NFT space who also runs an investment fund related to NFT's. Details here: https://www.ledgerinsights.com/christies-beeple-69-million-nft-art-buyer/ https://www.ledgerinsights.com/christies-beeple-69-million-n... I'm not aware of any crazy NFT auctions that have been purchased by "normal middle class" people. They've all been people heavily involved in crypto. That goes for the losing bidders also. The person who was the second highest bidder in that auction is also heavily involved in the crypto space.
- carlhancock757 5y agoThe Christie's beeple auction was a normal middle class person? If you are referring to the $69million Beeple auction held by Christie's that buyer was Metakoven. Who is if the financial backer of an NFT investment fund called Metapurse. So he absolutely wasn't some normal middle class person.
- dharmab 5y agoI'm referring to the artist, who is a middle class stay at home dad. He was interviewed by NPR recently. https://www.npr.org/2021/03/12/976513031/the-69-million-jpeg https://www.npr.org/2021/03/12/976513031/the-69-million-jpeg
- jl2718 5y agoIs there any proof that he got the vast majority of the proceeds immediately as encumbered cash? Maybe this is just my cynicism, but I would expect that he would receive partner shares in the fund that purchased his work. Probably the same with Masterworks, or any other art scam pumping on Facebook.