How a 10-second video clip sold for $6.6 million

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[–]Zapped 6 insightful - 4 fun6 insightful - 3 fun7 insightful - 4 fun -  (2 children)

I don't understand how someone would pay so much for artwork, unless it's either a status symbol for an ego-maniac, or part of the "investment"-to-donation for a tax write-off scam.

[–]JasonCarswell 7 insightful - 4 fun7 insightful - 3 fun8 insightful - 4 fun -  (0 children)

The art world is build on money laundering.

Also, the CIA helps it along because they can help steer what is considered high "art".

As long as people are valuing abstract, impressionism, surrealism, etc - pretty things of no deeper meaning then they are not valuing political art, much less activist, truth-seeking, or truth-telling art.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

tax write-off

I don't know if it's a scam exactly, but I'm sure this has a lot to do with it.

I don't really get the point of NFTs otherwise. I even went on an NFT discord and asked, but nobody responded to my question.