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Defining the merit of work is quite hard. What makes a Picasso or Warhol valuable? Much of it seems to simply be that rich ppl became interested in it and were
by systemsignal 5y ago
Defining the merit of work is quite hard. What makes a Picasso or Warhol valuable? Much of it seems to simply be that rich ppl became interested in it and were willing to pay a high price for it
- 1cvmask 5y agoYou are absolutely correct. Or for NFTs. The value is what someone is willing to pay for it. And that always changes with time. Scarcity always helps in raising prices. The supply/demand angle.