Fine Art: The Bubble That Never Pops

The NFT bubble will pop. But this will happen next… October 22, 2021 [UNSUBSCRIBE]( | [WEBSITE](Put_Website_Link_Here) [Altucher Confidential] “As long as you don’t need to eat, live in a dwelling of some sort, use electricity, drive, or wear clothes… inflation won’t affect you long-term.” [Email Masthead] Fine Art: The Bubble That Never Pops By Chris Campbell Special offer from Jim Rickards [Jim Rickards video]( [Just click here to get the details.]( “I don’t know what money means anymore,” Asher Eldman, a famous art dealer and financier said as he walked out of a 2014 Christie’s auction before it ended. In 2014, global art sales reached their highest-ever recorded levels, totaling over $77.6 billion. The collective worth of the world’s top ten most valuable artworks was $1.29 billion. Talk was strong of a bubble. Asher Eldman was making so much money it worried him. "This isn’t a bubble,” Christie’s chairman Brett Gorvy assured after a blowout sale in 2013, “it’s the beginning of something new.” Like the Fed calling inflation “transitory,” everyone nodded and smiled politely but nobody believed it. Bubble talk continued in 2014. 2015. 2016. 2017. 2018. 2019. 2020. And now that NFTs have taken over the art world, 2021. Gorvy was both prophetically right and ignoramously wrong. Fine art was and is in a bubble. And the bubble was indeed the beginning of something new. Eldman was onto something, too. Nobody else understands money anymore, either. And that’s why crypto -- and fine art -- are winning. Combine them together? Some very interesting opportunities emerge out of the Ether. But before we get to that… Chances are, you missed out on bitcoin. But as we’ve said again and again… there are even bigger opportunities available in this market. We’ve already shown how “metaverse money” will outshine bitcoin in the long-term. My colleague George Gilder says an even bigger opportunity will mint crypto millionaires in the coming years: [Click here to discover what life will look like after Bitcoin](. Finite Things Win “Money,” said Peter Thiel, “is the bubble that never pops.” Of course, Thiel meant the idea of money. Fiat currencies pop all of the time. Money lives on. Fiat currencies die for the same reason that fine art maintains and rises in value: finite things win against infinite things. Money begins as finite and then dies as it becomes virtually infinite. Fine art never becomes infinite. Pablo Picasso will never drop a new collection. The U.S. government will undoubtedly drop another $10 trillion. The U.S. government will continue to try to hide the ill effects of this money printing too… namely inflation… but fine art and bitcoin will expose it. Consider, both the UK and US measure inflation through an amorphous basket of goods and services called the Consumer Price Index, or CPI. In 2013, the UK government removed wallpaper paste, hardwood floors, takeout coffee, after-school fees, and more… while replacing those things with Netflix, plant food, and cheap flavored milk. Meaning, they replaced increasingly expensive things with cheap things to make inflation seem under control. Same goes for the United States. As long as you don’t need to eat, live in a dwelling of some sort, use electricity, drive, or wear clothes… inflation won’t really affect you long-term. Governments create smoke and mirrors. But the market reveals the truth… if you know where to look. If you were looking at art, you were looking in the right place. Art is a fantastic indicator of inflation. Smart money buys assets. The rarer the better. Finite things win against infinite things. Today, bitcoin is winning… and so is art. And when you combine the two, magic happens. This dynamic creates a unique opportunity for those who understand that the art world is changing -- and how this shift will leak out into the broader markets. The future of fine art is being built on the blockchain. And it’s going to be magnitudes bigger and more dynamic than the traditional art world. More than that, it will eventually change everything from the way we do business, work, solve problems, live, and coordinate capital and resources on a global scale. It’s that big. --------------------------------------------------------------- [Recommended Article] [How to Survive Hyperinflation | Laissez Faire Today]( --------------------------------------------------------------- Fine Art: The Bubble that Never Pops This is nothing new. Fine art has always been a great hedge against inflation. Culture has always been downstream of Arnold Toynbee’s “creative minority.” For a select few NFT projects, this will be no different. In fact, NFTs provide a few benefits over traditional art: -> Easy to maintain -> Zero storage costs -> Can’t deteriorate -> Near-instant liquidity (i.e. cryptopunks) -> Global community/club/spaces (i.e. Bored Ape is building a real-life clubhouse) -> Access token to exclusive opportunities/events -> Potential royalty streams -> And a lot more. While most NFTs will go to zero, a few projects -- those with the staying power of fine art -- will rise in value. But there’s a caveat. Unlike how we tend to think about traditional art, a lot of the value of NFTs will have nothing to do with the art itself -- but the communities of value created around the art. (And also how well the art and those communities can integrate into the metaverse, crypto gaming, the physical world, and mainstream crypto culture.) Because they’re tied to the blockchain, NFTs will be relatively liquid assets you can own and sell anywhere in the world in seconds. Moreover, you could even fractionalize your artworks while still maintaining part ownership. So what style of art do I think will be granted a passport into crypto Valhalla? For starters… If You Missed Tesla’s Epic Run – [Do NOT MISS This!]( [starlink]( Tesla surged a whopping 695% in 2020, everyone’s wondering… Can Elon Musk do it again? It’s anyone’s guess. But one thing’s for sure… It pays to follow what Elon Musk is up to. So we dug deep to get the “hidden Elon story” no one else is covering. This has NOTHING to do with Tesla… And EVERYTHING to do with Elon’s next big project. You do NOT want to miss this opportunity. [Click here to see what Elon has up his sleeve now.]( Art Brut. “Outsider Art,” or Art Brut, is already making small waves in the cryptosphere. The concept of Art Brut, developed in the 1940s by French artist Jean Dubuffet, covers any works created outside the influence of culture. [Jean Dubuffet] Art Brut is typically hated by the establishment. It doesn’t strive to be trendy, beautiful, or comfortable. It doesn’t attempt to please the art world know-it-alls. It is art by the misfits, vagabonds, and sometimes even the clinically insane. Even so, it’s begrudgingly accepted by the establishment as “fine art.” For obvious reasons, it’s being embraced by the anti-establishment cryptosphere. And for more subtle cultural reasons, it’s being embraced in the traditional art world, too. Take painter Robert Nava as a prime example. Despite popular art critics despising his work, serious moneyed collectors are snapping up whatever they can. [Painter Robert Nava] --------------------------------------------------------------- [Recommended Article] [Is This Stock Market Bounce Real? | Money & Crisis]( --------------------------------------------------------------- After having my finger on the pulse of crypto art for a few months now, it’s clear that one Art Brut crypto artist on the rise is Pumpametti. And not even necessarily because of his art -- although it seems to strike a chord. His success will come from the way he’s building his following. [Art] Pumpametti’s model represents where the art world is headed. If you own anything from his original collection, you receive: -> Free exclusive first-access works from future collections (that can be sold instantly on secondary markets) -> Free works from collaborations and secondary projects -> The ability to interact directly with the artist and fans in exclusive community rooms -> Exclusive commercial rights to do whatever you want with the art you own -> And much more. This is the future of art. Direct. Open. Transparent. Dynamic. The art snobs, gatekeepers, and know-it-alls will no longer get to define how art is valued. Fine art is in a bubble. But fine art is the bubble that never pops. In our day, the artists are the first-movers. They are building new business models that will crush “business-as-usual” in all industries. Follow the artists. Until Monday, [Chris Campbell] Chris Campbell For Altucher Confidential President Trump’s Secret [Trump bobble heads]( his final year of office, President Donald Trump did something that could transform America. And create trillions of dollars in new wealth for everyday Americans. [You won’t hear this anywhere else – get the full, uncensored story here.]( Subsribe To My Podcast [The James Altucher Show]( [The James Altucher Website]( [Subscribe Via Text]( [Subscribe With YouTube]( [Subscribe On Messenger]( [Subscribe With iTunes]( [Connected on LinkedIn]( Add AltucherConfidential@email.threefounderspublishing.com to your address book: [Whitelist Us]( Join the conversation! Follow me on social media: [Facebook Group]( [Facebook]( [Twitter]( [Pinterest]( [Instagram]( [Three founders Publishing]( To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here](. 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