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by slg 1725 days ago
Having ownership of the physical print is a pretty big differentiator. I guess you could have always bought that same print from someone who created it illegally rather than Warhol himself, but that is where the vague "supporting the artist" reasoning comes in to play.

Since NFTs don't provide that physical object, all that is left is the "supporting the artist" angle. If that is central to NFTs, why is the secondary market such a big aspect of the community? To extend your analogy, that would be like me buying the Warhol print for $10, turning around and selling it for $100, and claiming that $90 in my pocket is supporting Warhol.

2 comments

Warhol is dead, yet people still value authorized prints much higher than fakes.
Why would "supporting the artist" be relevant at all? Apart from NFTs whose smart contract gives the minter a share of resales, I have never heard anyone say that.

And definitely not in relation to the $90 profit.