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afoot | 4 years ago

Many fashion houses literally burn their unsold products to create this scarcity or create limited runs. DeBeers have a heavy control over the diamond industry. If an artist says they'll only create unique pieces (a 1/1 collection) then while they could create more in future, they'll still have a market determined value.

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breadbreadbread|4 years ago

Fashion houses burning clothes to maintain image and Dabeers creating a diamond cartel are not good. Im not saying that artifical scarcity doesnt exist, im saying that its bad and we shouldnt build economies around it.

For digital art vs physical art, there is a clear difference between "there will only ever be one mona lisa" and "I am not going to press cntrl-c cntrl-v on this image license"

plokiju|4 years ago

I’m all for artificial scarcity. Collectors are going to find rare things to collect. It would be better if they didn’t, but I think it’s probably a part of human nature to some degree.

Personally, id be ecstatic if collectors decide they can get their fix collecting rare jpegs and Pokémon cards instead of “truly scare” ivory, furs, or blood diamonds.

What’s the harm? What am I missing?