4 ms·
I have purchased art. It usually comes in one of two forms - originals and prints/issues (numbered limited copies). There are massive differences between digita
by officialchicken 5y ago
I have purchased art. It usually comes in one of two forms - originals and prints/issues (numbered limited copies). There are massive differences between digital and physical art in terms of copyright - with a lot of overlap between digital art, NFT's, and prints. When it comes to "artificial scarcity", an NFT isn't too much different than a print/issue, very similar to photographs. It is possible for an artist to "reissue" prints, and it does happen infrequently with the expected devaluation. But I've never heard of a "drop" or "lootbox" for purchasing fine art. I'm sure it's happened, and imagine it will become more popular in galleries.
The major difference I see is the signature, which artists often use as a control mechanism to create lower-cost versions for sale (e.g. unsigned or pseudonym copies) of original pieces. It's technically impossible to get an inexpensive unsigned NFT and then have it signed later (this often costs one thousand+ dollars for paintings). Since an unsigned piece doesn't have "provenance", it has little-to-no resale value. But if you like the artist and want to support their work it's a great way to get started.