Tag Archives: NFTs

If you have to ask, you definitely can’t afford it! So how much DID those Brian Eno – he who dismisses NFT users as “little capitalist arseholes” – multi-colour turntables sell for in the end?

Recently, I had a look at my readership statistics over the past few weeks. I was curious to know whether this blog suffered any kind of drop in the numbers over the Christmas and New Year period – and I was somewhat encouraged by what I saw.

Traffic was down around 75% on Christmas Day – hardly a surprise, given I took the day off – and was around 25% lower on December 26th. But after that, the number of visitors went back to roughly their normal levels. And one topic I covered then was NFTs – and a certain Brian Eno’s opinion on them.

As I wrote at the time, no price was listed for them – meaning they work on the JP Morgan premise of “if you have to ask, you can’t afford it”. But nonetheless, one reader got in touch over the weekend to let me know what happened after they made an enquiry with a view to buying one of the turntables.

He sent the email during the Christmas period and received a message confirming the lady answering them was away from the office and not due back until Tuesday 4th January. Which as far as starts go isn’t exactly encouraging. Still, he waited for January 4th to come and then he got his answer.

The reply revealed they had all sold out – a fact still not reflected on their website at the time of publication. They also reveal the last ones sold at £24,000 including VAT and then asked were they still interested if “someone does not fully commit and pay”.

So if you wondered how much people were prepared to pay for what’s essentially a glorified turntable, anything up to £24,000 is the answer. To quote Thomas Tusser’s Five Hundred Points of Husbandry – and not for the first time lately – “a fool and his money are soon parted”…

After Marc Kinchen becomes the latest convert to the NFT phenomenon (after a phone call with Steve Aoki, of all people!) – isn’t the truth that you can sell any old rubbish on the platform?

MK is a man with an interesting history. He started out at Kevin Saunderson’s KMS Records back in 1989 and spent a few years learning his trade. A remix job for an obscure Scottish band called The Nightcrawlers – made at an airport with very little equipment after the label rejected the first effort – changed things.

Suddenly, he was a major label darling. If a label wanted something remixed, they’d open their wallets, offer him £15,000 and MK would churn out some new mixes – especially the dubs which he became notorious for. It was a money spinner for four years – he started getting involved in hip-hop from 1996, bored of being expected by majors to replicate a remix he did four years earlier.

He was away from house music until the early 2010s. Then the sound of the MK era was coming back into vogue, and things started to take off again. This time around, he’s out DJing on top of everything else – and now, he’s branching out into the NFT phenomenon…

When I wrote about NFTs back on Boxing Day, I was undecided on all this stuff. But the more I read about it, the more I’m beginning to suspect this is just another idea for making money which will be utilised by people who are either already rich, or celebrity wannabe types.

And here’s an example of just what rubbish people are apparently prepared to buy on the NFT platform – pictures of jars some non-entity has farted into. I really wish I was making this up, but the full story is even more ridiculous than it sounds.

Maybe the gassy, malodorous contents of the cartoon jar is a metaphor for all this NFT business…

Does it take one to know one? Brian Eno dismisses artists who use NFTs as “little capitalist arseholes” whilst flogging a fancy LED turntable – and if you have to ask for the price, you probably can’t afford it!

Whenever you make a decision to criticise someone for something, you’re effectively pointing the finger at them. Maybe even more than one finger – and when you do this, you must accept there’s a distinct possibility someone will point a finger back at you. This is especially true if your own record on a subject isn’t squeaky clean.

It’s with this in mind that I return to the subject of Brian Eno. You might recall that Boxing Day on the blog started with a piece regarding his opinions that artists who used NFTs were “little capitalist arseholes”. I won’t go over my opinion on what he said again, as I really don’t have anything else to add.

But I will happily point a finger back in his direction – because in the week where he made these comments, he displayed an alarming lack of self-awareness. Just days earlier, he announced the launch of a brand new product. Well, I say brand new – it’s actually this…

It’s a turntable with colour-changing LEDs. And it’s made out of acrylic – no, I have no idea why, either – has an 18mm clear platter and only 50 of them have been made. And how much does it cost? Er, funnily enough, it doesn’t say. If you head to Paul Stolper’s website – this is the name of the gallery whom he collaborated with for the project – you’ll discover that no price is listed.

Eno and Stolper appear to be operating on the age old principle of “if you have to ask how much this costs, you probably can’t afford it”. It’s no wonder Eno can talk about “little capitalist arseholes” – it’s an area he has form in…

NFTs: just the latest method of scamming artists or a new way to let them keep control and have more money in their pockets? This blog is undecided (for once!)…

First of all, welcome back to the blog. I had the day off yesterday – and I hope you didn’t miss Amateur’s House too much. It’s back to somewhat normal business this morning – although forgive me for doing what much of the press will do today, and giving you quite a lot of content which was prepared last week…

Now, I haven’t written much about non-fungible tokens, or NFTs, on this blog. Truth be told, it’s because I don’t understand them very well and haven’t felt particularly inclined – at least not yet, anyway – to do anything about it. But there are one or two things I do realise very clearly.

The first is that there are a few artists in the house music world – Todd Terry and Scott Diaz are the first two to come to mind – who seem to be very keen on this new technology, and are actively dabbling in it. And Diaz in particular has kept with it, which suggests it’s bringing in results for him.

The second is that, as an outsider whose understanding of this topic is limited, it feels a little bit dot com boom to me. The vibe I get is that this is essentially a fad which is going to make some people quite a bit of money for a while and then fade largely into the background. But I’d sincerely like to proven wrong on that point.

And I very much hope I am. This blog believes strongly that artists should remember their own worth and importance. Without artists, labels would have no music. Without artists, the likes of Spotify wouldn’t be able to exist. NFTs might possibly be a way of ensuring an artist does make money out of their music.

Which is why I was somewhat conflicted after reading comments from Brian Eno – a visionary musician from back in the day. He essentially thinks NFTs are modern day scams which allow artists to be what he charmingly calls “little capitalist arseholes”. And I do wonder whether he’s correct in his assessment.

What I do somewhat object to is his description of “little capitalist arseholes”. I’m very comfortable with an artist making a lot of money out of their work. I’m certainly more comfortable with that than someone making a fortune on the stock market in shares in companies which dabble in making weapons or selling cigarettes, for example.

For some reason, even after reading any explanation of what NFTs are, it doesn’t pique the interest of my brain – and most things do. Nonetheless, I will try and educate myself some more on the subject, and I’ll try to get back to it in the New Year…