The Art Market is a Scam (And Rich People Run It) on HackerTube: recommended by 1 Hacker News commenter across 1 month, 2021–2022.
explainer · evergreen
A Wendover Productions video on how the art market works, arguing that prices are driven by wealth, storage and tax mechanics rather than artistic value.
Used to explain why contemporary art is expensive for money reasons rather than art reasons.
“Good time as ever to plug Wendover's recent video about how the art world works.”
3 Hacker News comments link this video. Each one links back to its thread.
Good time as ever to plug Wendover's recent video about how the art world works. ▶ this video Seeing Sotheby's attach its name to NFTs confirms every suspicion i ever had about NFTs.
in “Sotheby’s Metaverse curated NFT marketplace” · View on HN
> The people doing contemporary fine art with their audience are unaffected. It's not a particularly well hidden secret that the contemporary fine art is really not about the art or the artist. ▶ this video
in “How a Stable Diffusion prompt changes its output for the style of 1500 artists” · View on HN
I mean you are right, but that texture is doing a lot of work, since the Mona Lisa is about $850 million, and my solution is $0.0001 million, and indistinguishable at 15 meters. But either way, this doesn't distract from the main thrust of my point. Art is expensive for Money reasons, not art reasons. ▶ this video [link]
in “Bitcoin could become ‘worthless’, Bank of England warns” · View on HN