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It was his foolishness and his greed that made Midas wish that everything he touched turned into gold. Barely escaping death by dying of thirst and starvation, he even transformed his daughter into the precious metal. Ultimately, only a bath in the Paktklos river could save him.

Gold and art. At first glance, two completely different things. On closer inspection, however, interesting similarities become apparent. For many buyers and sellers, gold is an object of speculation: they do not buy gold because they need it to produce jewelry, for example, but with the intention or hope of making a profit on a later sale. In addition, some investors see a "safe haven" in buying gold, especially in times of crisis. ”Art and gold - both systems are based on speculation and the capitalist system of supply and demand.

A work of art has in fact (neglecting the material costs) no binding value, as long as there are no interested buyers for it. There is no trading platform for unsaleable works, no minimum price for unsold “paintings”. But what happens if an artwork can gain value and interest only when it's reason to exist is to become an object of speculation and an item to trade.

Is this the end of the artistic idea itself? Is it the end of a century old paradigm?

Visionary  Worlds collection image

Digital Artist from Germany also working as CEO of STROKE Art Fair, Curator and Collector for more than 15 years.

Dirección del contrato0x495f...7b5e
ID del token
Estándar de tokenERC-1155
CadenaEthereum
MetadatosCentralizado
Ganancias del creador
10%

Midas Touch Pt. 4

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Midas Touch Pt. 4

visibility
15 visualizaciones
  • Precio
    Precio en USD
    Cantidad
    Vencimiento
    De
  • Precio
    Precio en USD
    Cantidad
    Diferencia de suelo
    Vencimiento
    De

It was his foolishness and his greed that made Midas wish that everything he touched turned into gold. Barely escaping death by dying of thirst and starvation, he even transformed his daughter into the precious metal. Ultimately, only a bath in the Paktklos river could save him.

Gold and art. At first glance, two completely different things. On closer inspection, however, interesting similarities become apparent. For many buyers and sellers, gold is an object of speculation: they do not buy gold because they need it to produce jewelry, for example, but with the intention or hope of making a profit on a later sale. In addition, some investors see a "safe haven" in buying gold, especially in times of crisis. ”Art and gold - both systems are based on speculation and the capitalist system of supply and demand.

A work of art has in fact (neglecting the material costs) no binding value, as long as there are no interested buyers for it. There is no trading platform for unsaleable works, no minimum price for unsold “paintings”. But what happens if an artwork can gain value and interest only when it's reason to exist is to become an object of speculation and an item to trade.

Is this the end of the artistic idea itself? Is it the end of a century old paradigm?

Visionary  Worlds collection image

Digital Artist from Germany also working as CEO of STROKE Art Fair, Curator and Collector for more than 15 years.

Dirección del contrato0x495f...7b5e
ID del token
Estándar de tokenERC-1155
CadenaEthereum
MetadatosCentralizado
Ganancias del creador
10%
keyboard_arrow_down
Evento
Precio
De
Para
Fecha