The Art Market is a Scam (And Rich People Run It)
Why Hacker News recommends it
Used to explain why contemporary art is expensive for money reasons rather than art reasons.
What it is
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.
Recommended by 1 HN commenters across 1 different months, 2021 to 2022.
What Hacker News said
Recommends scrollaway · 2021-10 · on “Sotheby’s Metaverse curated NFT marketplace”
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.
Cites Balero · 2021-12 · on “Bitcoin could become ‘worthless’, Bank of England warns”
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]
Cites marginalia_nu · 2022-10 · on “How a Stable Diffusion prompt changes its output for the style of 1500 artists”
> 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]