Can NFTs make a comeback?
January 15 2023
Picture: Christie's
...ask Jane Morris in Apollo Magazine. You and I know the answer to this is of course no. At least, not back to the crazy heights of Beeple's $69m 'Everydays' at Christie's. But the article is worth reading, if only for this take from someone at Christie's:
But it’s a positive in the long run if it results in fewer people buying for pure investment.
I doubt that's what they say in the accounting department at Christie's, where, as far as I can see, there are no upcoming NFT auctions. Nor at Sotheby's.
By the way, I had a look for the promised 'virtual museum' which was touted by the poor sods who paid $69m for Beeple's jpeg. It still seems not to exist. Their earlier iteration of an online museum for Beeple, called B.20, is still available to visit, and still rubbish.
