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Reading Blog #1

To start off, I am just absolutely mind blown that someone was willing to pay 58.4 million dollars for a piece of artwork. I can not comprehend having this amount of money and then being willing to spend it on one piece of art is just insane. Like the article says, art work is worth as much as the person buying it is willing to pay. With that being said, I am sure that is exactly what the digital artist who created the spin off of the blow up dog was thinking. He saw the huge price tag on the material idea and thought, why not try and go digital with it. To me this seems like a really good idea but there is a slight flaw. His digital art piece has yet to sell for the new price tag of $5,840. Funny enough he first listed it for $2000 dollars but like any smart business man, he decided to raise the price of the at piece after it sat not selling. He claims it was to mimic the $58.4 million dollar price tag, but I think he just wants more money. When I was reading this article it made me think of the new booming market of NFT"S. This article was written in 2014 but, it almost seems like an early idea of an NFT. More and more I think material art is going to be turned digital and the price tag on it is going to keep shooting up. We live in a very technological dependent world and having these one of a kind digital pieces is becoming more and more of a trend. I tried to look it up and see if the balloon dog deflated was for sale, but I unfortunately could not find anything. I am sure in todays current trend with NFT"S the owner of Balloon dog deflated could make out really big. Over all I just think the idea was ahead of its time.










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