4.6 • 851 Ratings
🗓️ 25 March 2022
⏱️ 11 minutes
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0:00.0 | actually know this. |
0:01.0 | What happens, what happens when like, what happens when like the art sort of goes, like, |
0:05.1 | loses value? |
0:06.3 | What if it's like Spotify? |
0:07.7 | What if you're, like, art that you previously sold for whatever amount? |
0:12.6 | Instead, you're like, oh, this has so many, you know, however many, like, rents, and |
0:17.5 | therefore this is the percentage they're going to give you of that. |
0:20.6 | Because- Oh, my God. If then, if they're not doing that business model, then- rents and therefore this is the percentage we're going to give you of that because if my god if then |
0:22.6 | if they're not doing that business model then the more successful startup that eats them will right |
0:28.5 | i've just seen there's like a painting on here which you can buy for four hundred dollars right now |
0:34.2 | that's a that's a cheap fucking painting in art world terms, like really fucking cheap. |
0:38.3 | And it rents for $38 a month, which means that the annual yield on that investment is like 100%. |
0:45.1 | This is great. And of course, because it's an art startup, this isn't fucking regulated in any way that might... |
0:53.6 | It would be cheaper to buy that on a credit card and pay the credit card interest rate on the annual payments than it is to rent there. |
1:01.3 | Great. But like, what if you change your mind? That's the prerogative you're paying for. |
1:05.3 | Yeah. Because you can't fucking sell art ever. You have to use the service instead. |
1:11.9 | That's right. No one has ever sold art and certainly not for a profit. |
1:15.7 | And also I think Alice is right in the sense of like even if like you were to sort of make |
1:18.9 | this business model work, it kind of just follows the same line as like every other type of |
1:22.5 | platform or every type of tech company that has tried to sort of like engulf creators or |
1:26.8 | artists in their space right |
1:28.0 | which is like ultimately the creators like earn very very little out of like the settlement |
... |
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