Friends of Satoshi

[Max Mellenbruch @KialaraCoin]

FOMO 01/12 – a yellow Post-it note signed by me – sold for $10,980 at Heritage Auctions. That’s 22× the $500 issue price.

From day one, FOMO was designed to create its own FOMO. The auction was part of that. This essay is too.

✦ THE CLAIM:

I think FOMO is a better piece of conceptual art than Maurizio Cattelan’s Comedian – the banana duct-taped to a wall.

Cattelan pointed a mirror at an existing absurdity. I engineered a machine to generate one.

Ten collectors paid $500 for the notes. I offered to buy any of them back for $1,000 – all they had to do was send one back. For four months, not a single person did.

Then the piece I sent to auction sold for $10,980, with the auctioneer using the title itself to play on bidders’ fear of missing out.

I make the case here: https://t.co/TJDLCzchES