The Price of Everything

Have you seen The Price of Everything on HBO? The maker of the documentary exposes the world of art collecting and the explosive valuations assigned to the art space. I call it “space” as I couldn’t get past the vacancy attached to paying a ridiculous amount of money for something to look at nor could I be persuaded by the pretension. To me, it’s a profound lesson in how we define value in our lives. Because when you think about it, everything has value. And nothing has value.

How does this relate to crypto? I like crypto and mainly intrigued by what crypto and blockchain environments enables for the world. I understand that each crypto and blockchain solution is trying to showcase their value and consequently get people to use their crypto coin. On the other hand, I look at some crypto and think what problem is this coin trying to solve? Why would I pay $$$ or more for a coin that doesn't solve a problem or have a use case.

Nonetheless, I watched the show several times to digest why people throw enormous amounts of money at items that serve no purpose. The answer to the mystery is that wealthy people have created a new arena of proving their worth. The enormous prices are solely driven by the demand for an art piece. They want what someone else has, or they want something so that no one else can get it. They constantly need to one-up each other. It’s an innately human insecurity.

The game also involves the acceptance factor combined with emptiness. The emptiness is filled with things. When useful things fail to fulfil, it’s time to move on to useless things. Why else do people buy name brands, expensive things, and show pieces? That’s a sad truth that we all have to take responsibility for. When you think about it, after the satiety level is achieved and there’s nothing left to be bought, the only thing left is you and your senses. Most people don’t like to face that reality, therefore, life gets filled up with “things”.

The Price Of Demand
An artist’s ability to create demand that pays in the multi-millions is as random as how talent is handed out by the universe. Maybe the value lies in the appreciation to jog the senses. The paradox is that the artists are fulfilled with the connection to people and sensations that are evoked.

What do you truly value?

Thank you for reading and hope you have a good rest of the day!

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