Rob | RDTOTHEMOON
@rdtothemoon
In trad art there’s a strong narrative around secondary sales. In web3, primary market sales seems to drive the narrative. It seems like the market is always looking ahead. And the secondary market, especially for 1/1s is less active. I think that’ll change and more folks will prioritize looking backwards when collecting, opposed to what’s current.
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VERYMASA.⌐◨-◨ 🎩🇯🇵
@verymasa
The only reason why strong narratives in secondary sales is cos galleries and auction houses can make the most amount of money, leaving artists totally out of any profits made. ie it is systematically made that way to gear attention to the secondary. For most part that doesn’t happen in web3 because we don’t have the gatekeepers dominating the narrative. It is still the collectors and artists. However in say 30 years time when the artists have matured in web3, the. We should see more action on the secondary. And after 50 years when the artist has passed away then there could be more focus on the secondary since there is no primary left.
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Lucy Benson
@lucybenson
so, i almost posted the other day about how secondary market is key. to everything. im not sure why so many places havent figured that out yet. if you limit your buying audience to those that can afford to continually drop money and never see a return (or have confidence they could get one) then you shrink your market considerably. i do think the always trying to capture the 'next' novel revenue idea, rather than solidify/validate what already exists, is an issue with platforms and collector confidence, and leading to massive artist burnout.
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K3🫵👁️
@keith33333.eth
i agree unfortunately. i think it got even worse after the whole royalties argument and the realization there is not at the moment that be done to enforce the royalties. i also think artist had come to jesus moment and realized that they were not going to make a living on royalties. that was always a pipe dream!! some can but most cant! i agree with you as well that this will change. i always try to collect older works on secondary for this purpose and its usually cheaper bonus!! see i am not all full of shit.
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