Colnago C64 Digital Artwork Auction

arlowood
arlowood Posts: 2,561
in Road buying advice
Seems that Colnago is jumping on the latest bandwagon by creating unique digital artworks of historic models that will be auctioned later this month.

https://www.bikeradar.com/news/colnago-nft-auction/

These are termed NFT's or non-fungible tokens. The winning bidders will have a verifiable and unique digital artwork that is tradeable.

Shades of "The King's New Clothes" spring to mind but what are the opinions out there from those who might welcome the low maintenance costs of a digital C64 but might balk at the concept of never riding something costing north of £5000 ( auction reserve price)

Comments

  • slowmart
    slowmart Posts: 4,516


    Bill Hicks had the right idea abut marketing people


    https://www.youtube.com/watch?v=tHEOGrkhDp0
    “Give a man a fish and feed him for a day. Teach a man to fish and feed him for a lifetime. Teach a man to cycle and he will realize fishing is stupid and boring”

    Desmond Tutu
  • pilot_pete
    pilot_pete Posts: 2,120
    As someone who owns two Colnagos, I’d say they can stuff their digital rendering where the sun don’t shine. I’d buy the bike and pay for someone to spray it that colour if I wanted a colour scheme that much. At least then I’d actually own the bloody thing and could ride it, rather than just look at my pictures file....
  • joe2019
    joe2019 Posts: 1,338
    They will probably rise in value, whereas a physical bike is secondhand value as soon as you buy it.

    So as an investment of £5000 it makes sense to buy the artwork rather than the bike.
  • Ben6899
    Ben6899 Posts: 9,686
    I suppose they're worth as much as some schmuck is willing to pay...
    Ben

    Bikes: Donhou DSS4 Custom | Condor Italia RC | Gios Megalite | Dolan Preffisio | Giant Bowery '76
    Instagram: https://www.instagram.com/ben_h_ppcc/
    Flickr: https://www.flickr.com/photos/143173475@N05/
  • joe2019
    joe2019 Posts: 1,338
    Ben6899 said:

    I suppose they're worth as much as some schmuck is willing to pay...


    Didn't a tweet sell for a few million quid the other day, it's a crazy world.

  • Ben6899
    Ben6899 Posts: 9,686
    Exactly!
    Ben

    Bikes: Donhou DSS4 Custom | Condor Italia RC | Gios Megalite | Dolan Preffisio | Giant Bowery '76
    Instagram: https://www.instagram.com/ben_h_ppcc/
    Flickr: https://www.flickr.com/photos/143173475@N05/
  • MattFalle
    MattFalle Posts: 11,644
    Sorry - I'm a luddite. I don't get it.

    What actually are you buying here?

    Is it a picture picture - ie hang it on your wall or a picture on a tv screen or what?

    I don't understand.
    .
    The camera down the willy isn't anything like as bad as it sounds.
  • pblakeney
    pblakeney Posts: 27,110
    A digital photo which you may be able to sell to a mug for a fortune in the future.
    Or, pay £5000+ for a screen wallpaper.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • MattFalle
    MattFalle Posts: 11,644
    Sorry - so £5k for something you can knock up on PhotoShop?

    Or am I missing something?
    .
    The camera down the willy isn't anything like as bad as it sounds.
  • pblakeney
    pblakeney Posts: 27,110
    edited May 2021
    You won't have digital stamped ownership of the item. You can decide what you value that at. I'd rather have the bike unless I could guarantee a mug buyer.
    By mug, I mean $70m for this rubbish collage. Probably "worth" $100 now though...

    https://edition.cnn.com/style/article/beeple-first-nft-artwork-at-auction-sale-result/index.html
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • joe2019
    joe2019 Posts: 1,338
    If I could pick from either for free, I'd definitely take the NFT artwork over the bike.
  • andyrr
    andyrr Posts: 1,822
    I suppose 1 perspective on this is that it’s probably the case that many of the mega priced artworks are bought, squirrelled away and never seen, even by the purchaser - they’re purely investment pieces, so a digital item is as “useful” (to some anyway). Still seems mad to me but I don’t have money to burn.
  • pblakeney
    pblakeney Posts: 27,110
    edited May 2021
    What if you are like the guy who had some bitcoin on a hard drive that he forgot and went in the landfill? Bitcoin worth £200m when the story came out. 😱
    In a similar vein, my sister scrapped a car without reregistering the personal number plate which was worth 4 figures. Idiots.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • MattFalle
    MattFalle Posts: 11,644
    Sorry for being dumb, but I'm still not getting this.

    So, for £5k, you get a digital image - ie a picture of a bicycle some has made on a computer.

    So its not a print, its basically a jpeg or a file you receive on an email and you click on it and it opens a picture on your screen?

    Or am I missing something?
    .
    The camera down the willy isn't anything like as bad as it sounds.
  • pblakeney
    pblakeney Posts: 27,110
    edited May 2021
    MattFalle said:



    Or am I missing something?

    Nope. That's it, apart from it being digitally certified as an original.

    As with everything, it is worth what a mug someone will pay.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • MattFalle
    MattFalle Posts: 11,644
    Grazie!

    I must admit that I am a total luddite but this seems verging on the total ridiculous.
    .
    The camera down the willy isn't anything like as bad as it sounds.

Categories