Painting bubble?

[Anonymous No.3461222]

Is the art industry just a huge scam / bubble? Why would anyone pay 300mm for a piece of canvas with some colors... Where is the intrinsic value? I can have a copy made for 50$.

Why are rich people buying art for ridiculous prices and shitting all over Bitcoin?

[Anonymous No.3461263]

>Why are rich people buying art for ridiculous prices
Because they sell for equally ridiculous prices

[Anonymous No.3461271]

>>3461263
So how is Bitcoin not better than art?

[Anonymous No.3461288]

>>3461222
how dare you
"art" has actual utility and that utility is money laundering

[Anonymous No.3461296]

Jews run the banks and shit out postmodern art, crypto is a threat... as is traditional artwork. Both are attacked, don't kid yourself. I wish the world wasn't like this, I take no delight in the current state of affairs.

[Anonymous No.3461313]

because you dont pay taxes on holding art moron

[Anonymous No.3461314]

>>3461271
Bitcoin is better than art because it's much more that just an item. It's an advanced payment system that destroys the need for banks and other big financial institutions. It only requires an internet connection.

[Anonymous No.3461316]

>>3461222
art is just a cover for money laundering, if you want to draw a comparison to crypto on that, i wont stop you

[Anonymous No.3461317]

literally money laundering

[Anonymous No.3461333]

>>3461296

[Anonymous No.3461336]

>>3461288
fucking checked

[Anonymous No.3461371]

>>3461313
I pay taxes on holding crypto, morron? Please enlighten us on how we pay taxes for holding bitcoin. I dont pay taxes until I cash out Bitcoin to fiat, morron.

[Anonymous No.3461450]

art history is basically one big blockchain where an artist becomes slightly famous, which leads young artists to cite this artist as an influence in their work to increase their own credibility, which leads the original artist to become even more revered, increasing the prices of their work in the process. "influence" is the only real semi-quantifiable statistic the art market has to go on so it means a lot. and it's a surprisingly hard thing to force through (long term) with cash alone. that said it's a huge unregulated market so there's a LOT of fuckery.

[Anonymous No.3461461]

>>3461450
>humanity is basically one big blockchain

this meme will never get old

[Anonymous No.3461499]

>>3461461
humanity basically runs off a proof of work + proof of stake system tbf

[Anonymous No.3461614]

>>3461450
>it's a surprisingly hard thing to force through (long term) with cash alone
What's hard about it? Shell out a few million for menstrual blood and shit on canvas, suddenly talentless faggots think it's a meal ticket and real artists are demoralized.

[Anonymous No.3461636]

yeah art is mostly a vehicle for transferring wealth between the super rich bro. it has utility beyond being a decoration

[Anonymous No.3461648]

<86 million dollars

[Anonymous No.3461733]

>>3461614
hard because it exists in dialogue. you could throw millions at trite work but you'll soon run out of money trying to sustain the market if the art world (including the critics, artists, curators) doesn't take to it. see what happened here quite recently: https://www.bloomberg.com/news/articles/2016-09-19/that-100-000-painting-bought-to-flip-yours-for-about-20-000

[Anonymous No.3461809]

guaranteed ROI, something to look at, a trophy of the cultured elite

[Anonymous No.3461845]

Invest in the Maecenas ICO to get involved in the digital art gallery of the future.

You heard it here first.

[Anonymous No.3461970]

>>3461733
>kikery stops when the money runs out
...that's why we have museums, colleges and the government also buying art.