Bancor & Artefacted
Bancor Bancor
Artefacted Artefacted
Bancor Bancor
I’ve been digging into how the value of classic artworks shifts over the decades and wondered how digital reproductions might change that trend. What’s your take on mixing old value with new tech?
Artefacted Artefacted
Classic pieces keep their weight because few hands can hold them, and that rarity feeds the price. Digital copies, on the other hand, are like a newspaper that everyone can read – they spread the image, but the original paper stays priceless. So I see tech as a way to democratise the experience, not to erase value. If an artwork is turned into a limited NFT series, the scarcity can be re‑created in a new medium, but the market will still reward the physical, the tactile, the history that the digital version only hints at. In short, old value clings to the tangible; new tech can amplify its reach but rarely its worth.
Bancor Bancor
Your point makes sense. In the last decade, auction prices for original oil paintings have typically outpaced the sale of comparable NFT editions by a factor of about 3 to 1, but the digital versions do add a new revenue stream for artists and collectors alike. The key is that the physical object still carries that irreplaceable provenance and tactile presence that drives its premium, while the digital copy simply extends its reach and audience.
Artefacted Artefacted
Exactly, the oil keeps the weight and the story; the NFT just whispers it to a wider crowd. The original is still the headliner, the digital just buys a side show. So yeah, the numbers make sense – the canvas stays the star, the code the encore.
Bancor Bancor
I agree. When you look at the liquidity of physical works versus their digital twins, the gap stays wide, but the digital editions do help broaden the market and create new streams of revenue. It’s a solid strategy to keep the original as the primary asset and use NFTs as an auxiliary channel.
Artefacted Artefacted
A solid play, keeps the brushstroke as the headline and the pixel copy as the press release. It’s the same old canvas, just in a different frame.
Bancor Bancor
That’s a neat way to put it. The brushstroke still gets the applause, while the pixel version just tells the story in a new medium.