Quote:
Originally Posted by Rain Man
I know a guy - a real, legitimate guy that I've had dinner with - who bought an NFT from some famous artist that I've never heard of. He won a lottery to have the right to buy it and paid some ungodly amount of money for it. I don't remember the amount, but I think it was in the $8,000 to $10,000 range. I was aghast. And then a couple of months later he got an offer in the $100,000 range to buy it.
I'm completely out of touch with how the world works today.
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You're not alone. My sense is the NFT is a money-laundering dream opportunity, or a great way for those buying political influence to buy junk art for exorbitant amounts and claim it's legit.