Eric P. Rhodes on Warpcast

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Eric P. Rhodes pfp

❓Cryptoart Question of the Week ❓ How do you feel about the idea of assigning a "floor price" to an Artist? Does it help or hurt the perception of an artist’s value?

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Eric P. Rhodes pfp

@garycartlidge @maxcapacity.eth @batsoupyum @niftytime.eth @downshift.eth @daojoan.eth would love to know what your thoughts are on the question above ☝🏼

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It's stupid. Anyone who thinks each intrinsically created original artwork by any artist should have a floor price is a moron.

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niftytime pfp

Couple of thoughts: 1) floor prices are unavoidable in this space; they're simply a fact of crypto life 2) folks that primarily focus on floor prices when it comes to art and artists either add zero value since their focus is on such a surface level factor or negatively impact artists by drawing attention to negative floor movement

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Antwoman pfp

I think floor price is relevant to projects and not so much for 1/1 artists. Artists value comes from so many different aspects besides price. And it’s a complex dynamic thing that can’t be determined by something so rigid.

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catswilleatyou 🎩🎨 pfp

catswilleatyou 🎩🎨

@catswilleatyou

i think it's the stupidest thing. there's no such thing as a floor price for 1/1 works by an artist. this mindset does not help artists or real art collectors... maybe beneficial to short term investors/gamblers.

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Alex Mack 🏔️ pfp

Alex Mack 🏔️

No one can “assign” a price to an artists work except the artist themselves. Also floor price insinuates and artists worth is largely reflective of their lowest sale price / bid which - in my opinion and we’ve seen in many cases over the years - can be quite toxic

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BIG COMIC ART pfp

So would you like me to raise all my prices so you can't afford any of my artwork? Meanwhile, here's some artwork by Joey Chips.

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Carlos28355.art 🎩🍖Ⓜ️ pfp

Carlos28355.art 🎩🍖Ⓜ️

I think only floor price really matters with flippers and people buying from very popular high selling artist I never buy an art from someone thinking of price. I don’t think I would like if I was “assigned a floor price. “ feels like too much added pressure 🤷‍♂️

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Gary Cartlidge pfp

I believe it hinder far more than it helps. Tax harvesting in long term art collectors is necessary and an accepted practice however this means without doing anything wrong an artist will lose value or bare minimum be hindered with more work to uphold it.

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CupersaCarpoilc

@cupersacarpoilc

Floor price can give stability but may limit growth

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Ronald Richard pfp

Floor prices can help protect artists, but can also limit their potential

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Joseph Davis pfp

Floor price limits artists' potential; can stifle organic value growth🎨

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