Quote:
Originally Posted by jason.1969
The modern version of the Hobby is that slabs and slips mean more to collector-investors than what’s inside the slab.
Similarly, the provenance associated with authenticity is now secondary to the “provenance” of a high publicity sale. There is a critical mass of wealthy collector-investors who will care much less about whether this item was actually signed by Joe Jackson and more about the fact that this is THE photo that sold for $1.4 million.
Some of you maybe saw that a doodle of an elephant from Gary V got slabbed by PSA and sold for $400,000. Laugh all you like, but this is today’s Hobby. We may make fun of the collectors paying six figures when the names aren’t Ruth, Cobb, or Shoeless Joe, but I suspect the “empathetic elephant NFT” and Jasson Dominguez 1/1 buyers have much more in common with many of us than we’d like to believe.
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+1
You and I are on the same page. We may not like what others are accepting, but we have to live with it whether we like it or not.
I think Bitcoin is tantamount to a Ponzi scheme, and NFTs are a joke. But guess what, even though I don't care for either of them, I have to accept that others do and accept that they are considered part of our world now.