5min chapter

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486. “The Art Market Is in Massive Disruption.”

Freakonomics Radio

CHAPTER

NFTS and the Art Market - Part Two

Nfts is a digital certificate of authenticity, which also trades as a currency. It empowers artists to take back control away from the traditional gallery system. In part two of this series, we discusse how artists rarely profit when their work is resold at auction,. often at prices much higher than they were originally paid.

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