Re: what does monetary value indicate?

2021-03-14 Thread tbyfield
On 13 Mar 2021, at 19:07, Felix Stalder wrote: > On 13.03.21 15:14, tbyfield wrote: > >> If I drew a venn diagram of how uninteresting mass digital art, the >> art-systems economics, and cryptographic para-currencies have become, >> you'd think it was just a circle > > Ted, you, of all people,

Re: what does monetary value indicate?

2021-03-14 Thread Dmytri Kleiner
I heard y'all like #NFTs This one comes with a story of p2p gone wrong https://v.cent.co/tweet/1371180841162932230?s=u_a On 2021-03-14 19:55, Rachel O' Dwyer wrote: wow. that story reminds me of the auction of Damian Hirst's For the Love of God in 2007 (the diamond skull). it sold for

Re: what does monetary value indicate?

2021-03-14 Thread Brian Holmes
I agree with Rachel. Wow. Gaming the system is a feature, not a bug, of the financial markets. After you analyze it for a while (as I did for about a decade) you just get too disgusted to go on. New technologies/same principles. I didn't know that Hirst and Jopling were behind the diamond skull

Re: what does monetary value indicate?

2021-03-14 Thread Rachel O' Dwyer
wow. that story reminds me of the auction of Damian Hirst's For the Love of God in 2007 (the diamond skull). it sold for something staggering like $100 million to a private collector, but the collector was later revealed to be an investment consortium consisting of Hirst, his dealer Jay Joplin and

Re: what does monetary value indicate?

2021-03-14 Thread Felix Stalder
On 14.03.21 14:25, Rachel O' Dwyer wrote: > The article includes a discussion of economic *'signalling' *that was > prompted by conversations with Ruth Catlow which chimes with Felix's > questions about what the digital art purchase 'says'. Doma alerted me to this analysis, and if it's

Re: what does monetary value indicate?

2021-03-14 Thread Rachel O' Dwyer
Thanks Marc, The article includes a discussion of economic *'signalling' *that was prompted by conversations with Ruth Catlow which chimes with Felix's questions about what the digital art purchase 'says' For example, a buyer might purchase a work as an asset in the hope that its market value

Re: what does monetary value indicate?

2021-03-14 Thread Geert Lovink
nettime link list on money and crypto art (recent ones on top) compiled by geert lovink for moneylab The Downward Spiral: Popular Things by Dean Kissick (via Josephine Bosma) https://www.spikeartmagazine.com/articles/downward-spiral-popular-things-dean-kissick

Re: what does monetary value indicate?

2021-03-14 Thread marc garrett
Hi Felix & all, I watched this documentary during the week, if you can get a chance to watch it I think you'll find it relevant and rewarding, in respect of the context of what society is dealing with; not in respect of incels and fascism, but also those crypto millionaires and they're ignorant

Re: what does monetary value indicate?

2021-03-14 Thread marc garrett
Hi Rachel, It's good to read this article again. It feels grounded these days compared to how things have blown lately. I think this paragraph of yours resonates even more at the moment. "This shift from commodity to financial instrument also implies a different economic relationship to the

Re: what does monetary value indicate?

2021-03-14 Thread Geert Lovink
Dear nettimers, I am happy Felix raised the issue here. As you all know we’ve been dealing with these issues, here at the Institute of Network Cultures, since 2013 when we started the MoneyLab network (www.networkcultures.org/moneylab). We’ve been dealing with the rise of crypto art from day