MIL0S Posted August 17, 2023 Share Posted August 17, 2023 https://www.cnn.com/style/article/bored-apes-sothebys-lawsuit/index.html thoughts? I find the whole concept of NFT's ridiculous and have less than zero sympathy for anyone involved. MAR1979 1 Link to comment Share on other sites More sharing options...
cstojano Posted August 17, 2023 Share Posted August 17, 2023 I honestly don't know what sentence is the most shocking in that article, but this one is close: "According to cryptocurrency market tracker CoinGecko, the colorful digital illustrations of apes can now be bought for as little as $52,445" Terry E. Gibbs 1 Link to comment Share on other sites More sharing options...
SpineTic Posted August 17, 2023 Share Posted August 17, 2023 (edited) Seems legit? Edited August 17, 2023 by SpineTic Terry E. Gibbs 1 Link to comment Share on other sites More sharing options...
Rick2you2 Posted August 17, 2023 Share Posted August 17, 2023 On 8/17/2023 at 11:25 AM, SpineTic said: Seems legit? Legitimately what? Link to comment Share on other sites More sharing options...
buttock Posted August 17, 2023 Share Posted August 17, 2023 On 8/17/2023 at 9:25 AM, SpineTic said: Seems legit? That's well over a million dollars right there! Terry E. Gibbs 1 Link to comment Share on other sites More sharing options...
Bronty Posted August 17, 2023 Share Posted August 17, 2023 (edited) On 8/17/2023 at 10:46 AM, MIL0S said: https://www.cnn.com/style/article/bored-apes-sothebys-lawsuit/index.html thoughts? I find the whole concept of NFT's ridiculous and have less than zero sympathy for anyone involved. Exactly boo frickin hoo! They bought a fukkin jpg. What did they expect was going to happen? Edited August 17, 2023 by Bronty Hockeyflow33, The Voord, spidey300 and 1 other 3 1 Link to comment Share on other sites More sharing options...
Popular Post Benedict Judas Hel Posted August 17, 2023 Popular Post Share Posted August 17, 2023 On 8/17/2023 at 9:46 AM, MIL0S said: thoughts? spidey300, Ecclectica, John E. and 2 others 1 4 Link to comment Share on other sites More sharing options...
Will_K Posted August 17, 2023 Share Posted August 17, 2023 On 8/17/2023 at 11:16 AM, cstojano said: the colorful digital illustrations of apes can now be bought for as little as $52,445 Hey, hey buddy, watch it. If you keep this up, we'll have to take this topic to the Marketplace subforum. tth2, aardvark88 and John E. 3 Link to comment Share on other sites More sharing options...
Dr. Balls Posted August 17, 2023 Share Posted August 17, 2023 Oh my. I’ve never laughed so hard at the misfortunes of so many people - all of whom deserve it. MAR1979, The Voord and AnkurJ 1 2 Link to comment Share on other sites More sharing options...
Popular Post gumbydarnit Posted August 18, 2023 Popular Post Share Posted August 18, 2023 (edited) Maybe these investors can turn this mess around by putting a bulb “1st appearance of Mutant Ape” and adding X-Men trade dress on these NFTS and call them unused comic book covers! Edited August 18, 2023 by gumbydarnit alxjhnsn, Ecclectica, MAR1979 and 2 others 3 2 Link to comment Share on other sites More sharing options...
Popular Post MAR1979 Posted August 18, 2023 Popular Post Share Posted August 18, 2023 (edited) Buh Buh Buh NFT's were going replace actual collectibles. Buh Buh Buh... You purchased nothing, and it's now worth nothing, [Sarcasm] oh what a surprise! [/Sarcasm]. Edited August 19, 2023 by MAR1979 The Voord, Ecclectica, John E. and 3 others 4 2 Link to comment Share on other sites More sharing options...
timguerrero Posted August 18, 2023 Share Posted August 18, 2023 if this lawsuit gets a favorable outcome will it mean other buyers could potentially sue auction houses to? not just for NFT's but for real art. Terry E. Gibbs 1 Link to comment Share on other sites More sharing options...
batman_fan Posted August 18, 2023 Share Posted August 18, 2023 On 8/17/2023 at 3:18 PM, Benedict Judas Hel said: “The dog peed on the picnic basket!” Terry E. Gibbs and Benedict Judas Hel 2 Link to comment Share on other sites More sharing options...
Bronty Posted August 18, 2023 Share Posted August 18, 2023 On 8/18/2023 at 8:21 AM, timguerrero said: if this lawsuit gets a favorable outcome will it mean other buyers could potentially sue auction houses to? not just for NFT's but for real art. I’m not a lawyer but I’d have to assume it will get laughed out of court. Maybe they are just hoping for a small settlement ? Surely they don’t want to actually try the case? Terry E. Gibbs 1 Link to comment Share on other sites More sharing options...
Popular Post comix4fun Posted August 18, 2023 Popular Post Share Posted August 18, 2023 On 8/18/2023 at 8:39 AM, Bronty said: I’m not a lawyer but I’d have to assume it will get laughed out of court. Maybe they are just hoping for a small settlement ? Surely they don’t want to actually try the case? I wouldn't be so sure it's going to get laughed out of court. There are a lot of defendants here, and the allegations against most of them fall in line with what's been alleged (and charged) against celebrities like Lindsay Lohan, Jake Paul, and others in the realm of crypto. The bar is dramatically lower in civil court than in an SEC criminal filing, so a lot will depend on their disclosures of being a paid spokesperson and personal financial interest. These aren't "financial instruments" or securities, but pumping investments when you're being paid to say what you're saying is a minefield, they also don't have as tough a bar to reach. The Sotheby's allegations will need to be fleshed out to see if they were making false claims with an eye towards financial gain. There's a lot of detail we've yet to see here but, given the amount of loss incurred, I wouldn't expect this to disappear any time soon. BCarter27, Ecclectica, Terry E. Gibbs and 4 others 6 1 Link to comment Share on other sites More sharing options...
Bronty Posted August 18, 2023 Share Posted August 18, 2023 On 8/18/2023 at 10:19 AM, comix4fun said: I wouldn't be so sure it's going to get laughed out of court. There are a lot of defendants here, and the allegations against most of them fall in line with what's been alleged (and charged) against celebrities like Lindsay Lohan, Jake Paul, and others in the realm of crypto. The bar is dramatically lower in civil court than in an SEC criminal filing, so a lot will depend on their disclosures of being a paid spokesperson and personal financial interest. These aren't "financial instruments" or securities, but pumping investments when you're being paid to say what you're saying is a minefield, they also don't have as tough a bar to reach. The Sotheby's allegations will need to be fleshed out to see if they were making false claims with an eye towards financial gain. There's a lot of detail we've yet to see here but, given the amount of loss incurred, I wouldn't expect this to disappear any time soon. Thanks, that's interesting. You don't think there's a common sense element of "you bought a fukkin digital file with no inherent value"? Twanj, Terry E. Gibbs, Ecclectica and 1 other 4 Link to comment Share on other sites More sharing options...
Popular Post SpineTic Posted August 18, 2023 Popular Post Share Posted August 18, 2023 Terry E. Gibbs, Twanj, batman_fan and 8 others 1 10 Link to comment Share on other sites More sharing options...
Ecclectica Posted August 18, 2023 Share Posted August 18, 2023 (edited) On 8/18/2023 at 3:30 PM, batman_fan said: “The dog peed on the picnic basket!” Are you an ex- NFT investor ? Edited August 18, 2023 by Ecclectica batman_fan 1 Link to comment Share on other sites More sharing options...
Ecclectica Posted August 18, 2023 Share Posted August 18, 2023 On 8/17/2023 at 5:25 PM, SpineTic said: Seems legit? About this : somebody knows about Jamie Hewlett positions on NFT now ? (I say "now" because I'm aware of what Gorillaz did 2 years ago...) Link to comment Share on other sites More sharing options...
Will_K Posted August 18, 2023 Share Posted August 18, 2023 On 8/18/2023 at 10:55 AM, Bronty said: Thanks, that's interesting. You don't think there's a common sense element of "you bought a fukkin digital file with no inherent value"? In general, going to court would open the can of worms that is the entire art market. As has been mentioned in previous topics, there are some loose analogs between the lowly comic book art market and art sales/auctions. Link to comment Share on other sites More sharing options...
