Not one to ever cast aside a good conspiracy theory, I believe it’s a well-planned scam from Billionaire Central. Sotheby’s (and the like) is playing the game, diversifying, creating a market because the Internet has made art (the hard copy kind) so much more democratic, that Sotheby’s, Christie’s, the MoMA, David Geffen, etc. were becoming irrelevant to the masses of people. Simultaneously, I believe, the very wealthy were ruining art for the people in the bubble they created to amuse themselves. Who on earth can name 5 professional visual artists under 40 making a living with art?
The new control is very real. It began on the bottom financial rungs (kids with memes), and millions do buy in on NFTs at low levels (myself included). However, after 2.5 days of a 3 day auction, not a single view (let alone bid) on my “NFT”. I’ve had lots of views (if no bites) on eBay. This might say more about the app “Rarible”. I’ll upload another on a different platform and compare.
Thanks for your thoughts and the nomination!