Art and Money Today: Goya Meets Beeple.

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    • Subject Terms:
      GOYA, Francisco, 1746-1828; ART collecting; EXECUTIVES; NON-fungible tokens; ART criticism; INVESTORS; UNITED States economy
    • Abstract:
      MARCH 26, 2021 Tale of Two Artworks On March 11, 2021, I bought an etching by Francisco Goya for $500 on eBay. Instead of inventing an explanation for their love of say, Egon Schiele, Jean-Michel Basquiat or Christopher Wools (when their only ambition is to stash the art in a storage unit), NFT collectors can quickly buy and sell art shares without ever having to form or justify their taste. Optimistic postscript: Perhaps the most peculiar thing about NFT trading schemes like Metapurse is that in turning art into a form of money, it is inadvertently scripting the communist dream of eliminating money altogether and having art (or skilled services) function as a universal currency. [Extracted from the article]
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