Gunz n butter (2023)

I see you got yourself a little business going
Well, that's good, that's good, you make that paper
But when you making paper, but when you making paper you gotta learn some rules to go with it
You gotta learn the difference between guns and butter
There are two types of niggas in this world, there are niggas with guns and niggas with butter
Now, what are guns?
The guns, that's the real estate, the stocks and bonds, artwork
You know, shit that appreciates with value
What's the butter?
Cars, clothes, jewelry, all that other bullshit that don't mean shit after you buy it
That's what it's all about, guns and butter, baby

“At the end of the day, art is an experience. It is an individual experience no matter how massive an audience it gets. If you can only experience a body of work by purchasing it, holding on to it, or showing up to an exhibition, those fleeting moments of exchange become imperative to its value. At the Met and MoMA, for example, I have a collection of writings that are specifically in the special collections library. The purpose of the library is to collect these written works and preserve them. And it’s not just books, but pamphlets, newspapers, flyers, and articles. They are things that are paraphernalia in the present but artifacts over time. So there’s a scarcity not because it’s not in demand, but a scarcity of who wants to archive, who wants to preserve it.

That same line of thinking applies to collectors. If someone walks into an auction house and they like the work, and are willing to spend, then they are also saying I’m buying this to archive. Archiving is the thing that works against scarcity but also works with scarcity. Who is archiving it correctly to extend time to create legacy? Scarcity becomes really important to value. The work never depreciates, it just doesn’t exist anymore. An artwork that is ruined doesn’t necessarily lose its value. Bansky, at Sotheby’s London in 2018, shredded one of his pieces in auction. It sold for $1.4 million. And that raised a ton in value because it’s the only one that exists that way. [Titled “Love Is in the Bin,” the painting was resold by the anonymous collector in 2021 for $25 million, a new record for the artist.] Scarcity drives demand as well. It drives a demand in the audience, an interest in a specific audience, or it can change the audience that becomes interested in it. Now it’s a collector’s item or a special edition.”

Read the article here: https://breadzine.com/banksy-and-bitcoin.html

Published in BREAD by Cash App