In the world of onchain art, collectors play a crucial role in supporting and amplifying the work of artists. But too often, collectors enter the space with an investment-first mindset, driven by potential returns rather than a genuine appreciation for the art itself. This approach can undermine the artist’s work, reducing it to a mere asset rather than a meaningful piece of creative expression.
I believe it’s time for artist to take more control. Artists should seek out collectors who are not just buying art for its financial potential but because they truly value the art and the artist behind it. These are the collectors who see the humanity in the work, who care about the stories being told, and who engage with the art on a deeper level.
Art should be about more than just numbers and floor prices. It’s about connection, storytelling, and shared experiences. By actively seeking collectors who respect and understand this, artists can build more authentic relationships that honor their work. It’s not just about finding buyers—it’s about finding people who care, who support the artist’s journey, and who believe in the art for what it is, not just what it’s worth on the market.
In the world of onchain art, collectors play a crucial role in supporting and amplifying the work of artists. But too often, collectors enter the space with an investment-first mindset, driven by potential returns rather than a genuine appreciation for the art itself. This approach can undermine the artist’s work, reducing it to a mere asset rather than a meaningful piece of creative expression.
I believe it’s time for artist to take more control. Artists should seek out collectors who are not just buying art for its financial potential but because they truly value the art and the artist behind it. These are the collectors who see the humanity in the work, who care about the stories being told, and who engage with the art on a deeper level.
Art should be about more than just numbers and floor prices. It’s about connection, storytelling, and shared experiences. By actively seeking collectors who respect and understand this, artists can build more authentic relationships that honor their work. It’s not just about finding buyers—it’s about finding people who care, who support the artist’s journey, and who believe in the art for what it is, not just what it’s worth on the market.
❓Cryptoart Question of the Week ❓ How do you feel about the idea of assigning a "floor price" to an Artist? Does it help or hurt the perception of an artist’s value?
@garycartlidge @maxcapacity.eth @batsoupyum @niftytime.eth @downshift.eth @joanwestenberg.eth would love to know what your thoughts are on the question above ☝🏼
No one can “assign” a price to an artists work except the artist themselves. Also floor price insinuates and artists worth is largely reflective of their lowest sale price / bid which - in my opinion and we’ve seen in many cases over the years - can be quite toxic
i disagree. a price is often assigned to an artists work without input from the artist all the time. auction houses, collectors, etc. all assign a price. that said, i agree that the idea of a "floor price" is toxic, but as many have pointed out. it's likely here to stay. so what can artist do to balance that out on their end?
I think only floor price really matters with flippers and people buying from very popular high selling artist I never buy an art from someone thinking of price. I don’t think I would like if I was “assigned a floor price. “ feels like too much added pressure 🤷♂️
Couple of thoughts: 1) floor prices are unavoidable in this space; they're simply a fact of crypto life 2) folks that primarily focus on floor prices when it comes to art and artists either add zero value since their focus is on such a surface level factor or negatively impact artists by drawing attention to negative floor movement
I've been thinking about it #2 a lot. about how artists need to be doing their part and engaging with collectors who add value (beyond buying art) to their practice. https://paragraph.xyz/@epr/seek-collectors-who-value-art-beyond-profit
i think it's the stupidest thing. there's no such thing as a floor price for 1/1 works by an artist. this mindset does not help artists or real art collectors... maybe beneficial to short term investors/gamblers.
while i agree, it's almost unavoidable though with the way price information is displayed and discussed. what's one way to shift this narrative?
It's stupid. Anyone who thinks each intrinsically created original artwork by any artist should have a floor price is a moron.
i agree, and yet the idea permeates. what do you think is driving this?
I think floor price is relevant to projects and not so much for 1/1 artists. Artists value comes from so many different aspects besides price. And it’s a complex dynamic thing that can’t be determined by something so rigid.
I agree! But there is a prevailing conversation in the space about artist's floor prices. What do you think is causing that?
I believe it hinder far more than it helps. Tax harvesting in long term art collectors is necessary and an accepted practice however this means without doing anything wrong an artist will lose value or bare minimum be hindered with more work to uphold it.
that's a good point, the collector side of things is something i think more artists should consider. we often hear artists say something like "collectors should care more about artists" and i would argue that it goes both ways. artists should also care about their collectors.
So would you like me to raise all my prices so you can't afford any of my artwork? Meanwhile, here's some artwork by Joey Chips.
❓Cryptoart Question of the Week ❓ How do you feel about the idea of assigning a "floor price" to an Artist? Does it help or hurt the perception of an artist’s value?
@garycartlidge @maxcapacity.eth @batsoupyum @niftytime.eth @downshift.eth @joanwestenberg.eth would love to know what your thoughts are on the question above ☝🏼
No one can “assign” a price to an artists work except the artist themselves. Also floor price insinuates and artists worth is largely reflective of their lowest sale price / bid which - in my opinion and we’ve seen in many cases over the years - can be quite toxic
i disagree. a price is often assigned to an artists work without input from the artist all the time. auction houses, collectors, etc. all assign a price. that said, i agree that the idea of a "floor price" is toxic, but as many have pointed out. it's likely here to stay. so what can artist do to balance that out on their end?
Ignore the noise, continue creating dope art and cutting out toxic narratives that get in their way ✌️
I think only floor price really matters with flippers and people buying from very popular high selling artist I never buy an art from someone thinking of price. I don’t think I would like if I was “assigned a floor price. “ feels like too much added pressure 🤷♂️
Yeah; it is a lot of pressure. Especially if the floor price keeps going down over time and a trend analysis of an artists value is being discussed. Seems like a slippery slope to me.
Couple of thoughts: 1) floor prices are unavoidable in this space; they're simply a fact of crypto life 2) folks that primarily focus on floor prices when it comes to art and artists either add zero value since their focus is on such a surface level factor or negatively impact artists by drawing attention to negative floor movement
I've been thinking about it #2 a lot. about how artists need to be doing their part and engaging with collectors who add value (beyond buying art) to their practice. https://paragraph.xyz/@epr/seek-collectors-who-value-art-beyond-profit
100% - collector curation is a massively underrated but hugely important lever that artists can pull on Part of the art behind choosing specific release mechanisms imho
i think it's the stupidest thing. there's no such thing as a floor price for 1/1 works by an artist. this mindset does not help artists or real art collectors... maybe beneficial to short term investors/gamblers.
while i agree, it's almost unavoidable though with the way price information is displayed and discussed. what's one way to shift this narrative?
when given the opportunity to talk about why there’s different prices on my 1/1s I just explain that they’re unique pieces that have different value to me. Some pieces I care deeply about and some I just think are rad looking etc.
It's stupid. Anyone who thinks each intrinsically created original artwork by any artist should have a floor price is a moron.
i agree, and yet the idea permeates. what do you think is driving this?
crypto. As I always stated, NFTs were born from devs/coders that were inherently cryptocurrency traders. Basically p2p trading was inbuilt to the core ethos of it's creation. 🤷♂️
I think floor price is relevant to projects and not so much for 1/1 artists. Artists value comes from so many different aspects besides price. And it’s a complex dynamic thing that can’t be determined by something so rigid.
I agree! But there is a prevailing conversation in the space about artist's floor prices. What do you think is causing that?
I think a lot of people in the space don’t care/understand art. There’s a mixing of all worlds- gaming, finance, stocks ext.. which has a positive side, but art and artists sometimes get hurt by that approach.
I believe it hinder far more than it helps. Tax harvesting in long term art collectors is necessary and an accepted practice however this means without doing anything wrong an artist will lose value or bare minimum be hindered with more work to uphold it.
that's a good point, the collector side of things is something i think more artists should consider. we often hear artists say something like "collectors should care more about artists" and i would argue that it goes both ways. artists should also care about their collectors.
💯 10 $RARE
So would you like me to raise all my prices so you can't afford any of my artwork? Meanwhile, here's some artwork by Joey Chips.
My opinion is that the idea of an "artist floor price" is reductive and limiting. Not that artworks have a floor price.
Eric P Rhodes is a legend. 50 $RARE
https://paragraph.xyz/@epr/seek-collectors-who-value-art-beyond-profit?referrer=0x5573FEdf9f390F41033C89Eb15dfDb8b1981cd3A