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> 12,795 photos of 12,795 objects In 2001 Artist Michael Landy catalogued then publicly destroyed (in an old department store on Londons Oxford Street) all of
by helsinkiandrew 4y ago
> 12,795 photos of 12,795 objects
In 2001 Artist Michael Landy catalogued then publicly destroyed (in an old department store on Londons Oxford Street) all of his 7,227 possessions.
https://www.artangel.org.uk/project/break-down/ https://www.artangel.org.uk/project/break-down/
- OJFord 4y agoTerm the catalogue entries 'NFTs' and suddenly they'll be worth a fortune!
- shapefrog 4y ago"would have been a great NFT project " My favourite from the comment section on the article.
- hammyhavoc 4y agoOr not. If you've been living under a rock, crypto prices are deservedly going through a rough time.
- OJFord 4y agoI didn't intend it as 'investing' advice. Regardless of recent crashes, all NFTs are valued (by at least one person) infinitely higher than they 'deserve'.
- AmericanChopper 4y agoAll things deserve to be worth exactly what somebody is willing to pay for them.
- Veen 4y agoThat’s a pithy axiom, but it ignores the reality that people are often willing to pay because of misunderstandings, inadequate information, fraud, lies, and cons.
- AmericanChopper 4y agoAre you trying to dunk on NFTs, or Wall St? Sorry I can’t tell…
- deleted 4y ago[deleted]
- michaelt 4y agoMaybe on the idea of market prices being inherently just, and every transaction being implicitly fair, that your statement implies? Does a senior manager at a big corporation, when accused of sexual harassment, deserve a $90 million golden parachute? While someone who quits their job to care for their severely disabled child deserves nothing?
- AmericanChopper 4y agoAsking what people deserve is a fundamentally stupid question in the context of valuation. Whatever your idea of “fair” is, it has basically no bearing on economic valuation, which is governed by the laws of supply and demand.
- michaelt 4y agoAnd yet here you are, posting about "deserve" and "worth" Or were you just trying to say "The amount people are willing to pay is the market value" ?
- AmericanChopper 4y agoYou’re aware that this is a conversation about asset prices, right?
- hammyhavoc 4y agoThat's incorrect. Most NFTs don't sell. This you see with the naive giving away their NFTs on Twitter after hoping minting NFTs of their art would finally help them to get somewhere. A large chunk of the ones that do sell are being bought by the artist themselves to save face or attempt to spark demand. This is without even getting into stuff like this: https://thatkimparker.medium.com/most-artists-are-not-making-money-off-nfts-and-here-are-some-graphs-to-prove-it-c65718d4a1b8 https://thatkimparker.medium.com/most-artists-are-not-making...
- quickthrower2 4y agoThis lady has media coverage so that is a leg up that most NFT charlatans don’t have.
- OJFord 4y agoMy 'one person' was the 'minter'. They presumably think it ought to be worth something. I don't, so I haven't.
- causi 4y agoall of his 7,227 possessions Interesting, if he committed to the concept. Did he first give the truly important items to family members so they didn't qualify as "his" possessions or did he actually destroy all of his identification, his birth certificate?
- gberger 4y agoTechnically he could argue that identification documents belong to the government, not to him?
- Cerium 4y agoAt least in California your birth certificate is only a certified copy of a document the county has. As long as you have a living parent they can get a valid copy for you to bootstrap your identity recreation project. Once you have the birth certificate you should be able to get a new ID card, then get a replacement ssn card, etc.
- stolenmerch 4y agoIn 2000, artist John Freyer cataloged then sold all of his possessions on eBay. It was documented in a website and book published by Bloomsbury [0], later optioned by Warner Brothers, and Freyer made all the talk show rounds in 2002-3 [1] [0] https://www.allmylifeforsale.com https://www.allmylifeforsale.com [1] https://www.youtube.com/watch?v=PSmCwMRWPMM https://www.youtube.com/watch?v=PSmCwMRWPMM
- Daub 4y agoI knew michel Landry. In fact, I was there when his last objects were destroyed. The very last object was an old leather jacket given to him by his father. This was also his most valued object. He secretly wished someone would stop him, take it from his hands and walk away with it.
- bckr 4y agoThat's heartwrenching