If there was ever cause for a wealth tax…

Beeple, who you may remember from my earlier post, has just sold an artwork for $69.3 million dollars at auction. He is now one of the three most valuable living artists.

A massive congratulations to him. 5000+ days of work and dedication to his art has paid off in the best possible way.

Since the artwork is digital, the new owner has, in reality, bought a digital token (an NFT), encrypted on a blockchain. That token is what proves their ownership. Nothing can stop you, me, or your uncle Bob from printing it out, and hanging it in the salon (once you hang a painting, a lounge room becomes a salon). If the new owner does the same, there would be no way to tell their copy from uncle Bob’s – except for the digital token.

Please check out more of his work on Instagram.

Beeple

Hardly a day goes by without the catalogue of social media’s harms expanding. Our smartphones are bridgeheads from which apps like Instagram undermine our self-esteem, attention span, sleep, mental health, and relationships.

One relationship social media has improved for me, is my relationship with art. Instagram has made it incredibly easy to discover art. Some friends have gone beyond discovery, and started to participate as customers as well; buying art directly from artists or small galleries has never been easier.

Which leads me to the artist Beeple, who I discovered today and could not resist sharing. His artwork is weird, irreverent, shocking, and profane. I love it. You can see an example to the left, but please go on over to his Instagram for thousands more. In a testament to the view that creativity is a numbers game, he has been creating a new image everyday for over 5000 days (you do the math).

His digital art has sold for millions through a new application of the Blockchain. You can buy something here for far less.

Check out his site here, and a write-up in Esquire here.

Thanks to Marginal Revolution for the heads up.