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7/ At a dinner with a renowned media mogul we had a debate about CRYPTO vs ART.
He thought crypto had no intrinsic value, and art had value—because it was scarce. ..
He thought crypto had no intrinsic value, and art had value—because it was scarce. ..
8/ I pointed out that a friend next to me @scottbelsky could publicly promise to make 1 and ONLY 1 sketch drawing.
@bgurley jokingly dubbed it the “Lone Belsky”
The mogul said it was worthless b/c it lacked provenance—which is to say it lacked a story (intersubjective belief)
@bgurley jokingly dubbed it the “Lone Belsky”
The mogul said it was worthless b/c it lacked provenance—which is to say it lacked a story (intersubjective belief)
9/ We argued money was no different. Though he was unconvinced. Possibly biased as he owns much art—which makes this story interesting because...
10/ Which leads me to an incredible recent $16.8M anonymous sale of a 1983 composition by a French artist Rippier Papel. Papel widely unknown except by elite collectors + dealers. He made only 1 work of each kind and hid secrets in each work which was revealed...
11/...in a subsequent work and only to the buyer—a genius move making collecting sets extremely valuable.
This is Rippier Papel “Passage to L”. Valued at $16.8M.
Analysts and scholars have been pouring over the details...
This is Rippier Papel “Passage to L”. Valued at $16.8M.
Analysts and scholars have been pouring over the details...
12/...which are also elaborated in a 2nd accompanying work “Passage to L: Force of Removal” valued even higher at $17.1M.
13/ A third work has not yet gone to private sale but is expected to exceed the combined $33.9M
14/ Subjectively you may believe this is not worth much, but some believe this is worth as a triptych $50M+...
15/ I captured an exclusive inside look at the studio of Rippier Papel...
(aka paper ripping) in action ;)
(aka paper ripping) in action ;)
Love this new provocative public art installation by Rippier Papel.
