NFT art craze hits Miami Art Basel

Was that art? This week, artist, tastemakers and collectors from around the world are mingling in Miami Beach for the exuberant fare known as Art Basel Miami.

And so block chain functions kind of like a public ledger, kind of recording transactions and giving buyers a proof of authenticity or ownership.

And I think that’s when the art world started to really take notice of this.

Many people may remember there was a banana duct-taped to a wall.

I think there are people in it for different reasons, but there’s definitely a huge group of people who are in it because they think these things are going to appreciate.

But I also think they’re – it’s the first time that I think a lot of these institutions are taking tech-based artwork really seriously.

But he was getting at this interesting point, I think, it seems to me decades later about representation and art and reality.

It was just a blue square, and it was an homage to Eve Klein’s “Blue Monochrome.” And I think part of it was poking fun at the idea that these paintings that we think of as original, authentic can now be replicated in the digital sphere and can be sold speculatively for hundreds of thousands of dollars.

HAIGNEY: I think that galleries and auction houses are really excited because they’ve found a whole new class of collector, maybe somebody younger who wasn’t typically buying art who’s really excited about NFTs specifically.

I think, you know, like the Magritte this-is-not-a-pipe painting, I think they make a lot of people really angry.

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