When we began planning the fall 2021 edition of the Artnet Intelligence Report about a year ago, we asked ourselves whether we should include an article on NFTs.
One issue and nine months later, NFTs continue to dominate the art-market conversation, to the delight of some and the consternation of others.
Beyond the astronomical prices, however, we’re interested in the concepts underpinning the world’s NFT obsession: how flipping is part of the culture, how ownership does not require physical possession, and how new audiences are invited into the fold.
That’s why, in this issue, we are diving into how the art market became a planet of the apes—and not just those in possession of Bored Ape Yacht Club NFTs, but those who want to disrupt the industry by changing the way we think about ownership.
We’ll also examine whether DAOs can actually be of use to the art trade and, of course, offer our data-led, insight-packed breakdown of the market’s performance in 2021.