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My friend has a real Picasso. It’s a lithograph print, one of maybe 30+ of that image. It’s worth maybe $5k only. How is that scarcity any truer than an NFT? Pi
by berberous 5y ago
My friend has a real Picasso. It’s a lithograph print, one of maybe 30+ of that image. It’s worth maybe $5k only. How is that scarcity any truer than an NFT? Picasso could have printed as many as he wanted, and indeed, printed so many that the value today is not very high.
In both cases, an artist merely places their “this is official” stamp on something that is effectively a copy, and limits the number of copies available based on the desired economics for their work. And the fact that the “official” version is worth more than a “fake”, is merely because humans value genuineness and provenance, even when the end product is indiscernibly different.
- onlyrealcuzzo 5y agoYour critique of lithographs is valid. And that's the reason you don't see many lithographs selling for millions of dollars. Still, the combined "wealth" of lithographs may very well be in the 10s if not 100s of billions.