Trends in Art
The art market raised alarms in March when the artwork EVERYDAYS: THE FIRST 5000 by Beeple (a digital image converted to NFT) sold for nearly $ 70 million. Both artists and agents around the world turned to face to ask: and how the hell do you turn a digital image into an NFT to become a millionaire? The situation is more complicated than it seems.
The auction house Sotheby’s is taking advantage of the NFTs trend by accepting cryptocurriencies and hosting special sales of NFTs. In its own words, this is a new art market who is setting new rules for selling and buying both physicall and digital art.
By Regina de Con Cossío
NFTs are the new trend. Suddenly, they are on everyone’s lips and, from the art market’s perspective, the minute they dominate the conversations of the major gamers, Christie’s and Sotheby’s, they come under the spotlight. Despite the ambiguity still surrounding them, adjustments will occur along the way with the development of new normativity and, for sure, with a more frequent use. Their market is already valued in dollars.Read more
The world has radically changed. It is not that analogous processes have become digital: social processes have changed. The ways of communicating have changed. And the way of understanding the economy has also changed. We haven’t realized it yet, but the world is going to be very different from how we knew it a couple of years ago.
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