The art market is heavily skewed towards a few artists who are good at networking, said Magnus Resch, Art Economist and Author.
“A green Warhol sells for less than a red Warhol, and a Basquiat from 1981 sells for more than a Basquiat in his later days,” Resch explained. “It comes down to the little nuances and getting access to those prime works, the top of the top of the top.”Resch spoke with David Lin, Anchor and Producer at Kitco News.
“The NFT world is bizarre,” said Resch, who authored the book, How to Create and Sell NFTs. “There is only one reason why people buy NFTs, and that is because they want to make money.” Being a successful artist For those considering a career in art, Resch’s research shows that social networks matter more than skill or training as an artist.
The art is the code & the code is the art. NFTs