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Ben this book just came in the mail

You read this didn't you? It's a good one great beanie. The great beanie baby bubble

I decided to read this haven't read it yet

I'm not saying that NFT cartoon character profile picture whatever NFTs are in a bubble

But it kind of feels like they're in a bubble. I'll say that and I understand it's different this time

And there's utility and digital scarcity

But I feel like there might be some power loss to this great beanie baby bubble

Am I right? I wrote a blog post on this not too long ago and the collectibles boom happened and someone said at the time

How it shouldn't be shocking that beanie babies so high they said after all people were shocked when Picasso's paintings surpassed a million dollar mark

So they were comparing beanie babies to Picasso

Now we're going to talk about NFTs on the show. I forgot some thoughts. I'm sure there's been art bubbles in the past

Probably but maybe not because of the transmission mechanism to invest in art as quickly as

Beanie babies with eBay and NFTs with open sea did not exist

But think about the fact that how many painters actually made it after 500 years of worth of art

Versus how many people can create an NFT today. Well as an art investor via masterworks

I'm hoping for a bubble there. I said it. I'm hoping that we get an art bubble

I would love for our paintings to appreciate by triple digits

Let's get it in on the phone for more information go to masterworks.io slash animal and please see important disclosures at masterworks.io

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Welcome to animal spirits a show about markets life and investing join Michael batnik and Ben Carlson as they talk about with their reading writing and watching

Michael batnik and Ben Carlson work for writholds wealth management

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