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Crypto-art becomes the new cultural currency

Laurence Dodds

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The bidding war for the revolving gold lavatory was fast and merciless. Starting at $US50, offers escalated to $US28,432 within an hour and then to $US40,000, finally topping out at $US108,888.

The winner did not acquire any physical object – this was a digital artwork – nor even exclusive access. Instead they received a unique cryptocurrency certificate that proves them the true owner of a video file that can be easily copied or pirated by anyone.

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The Telegraph London

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    Original URL: https://www.afr.com/markets/currencies/crypto-art-becomes-the-new-cultural-currency-20210308-p578u5