Thread by @punk6529

1/ So as someone who has three full Art Block Curated horizontal collections (sets), some instant reactions to this.

These are not conclusive and I reserve the right to change my mind as I process it more

https://twitter.com/straybits1/status/1443943222921760777

2/ This set for sale was ~a floorish set with a reserve a bit above the floor.

So we should think through who is the buyer for that at Christies and why are they buying it?

3/ First of all, I think horizontal ABC collections are a niche within a niche (gen art) within a niche (NFTs).

Right now, the collectors who care about them most I think are @VonMises14 and me.

4/ Even a lot of AB nerds are not so into them. Their counter-case is basically concentrate on the "best" art in AB (e.g. Fidenzas, Ringers, etc).

I note this point and accept that insiders may disagree with me, but I believe horizontal views are also interesting.

5/ So to be interested in a horizontal collection of AB Curated, one has to:
a) want NFTs
b) want generative art
c) want AB Curated
d) want all AB Curated horizontally
and
e) want it from Christies

6/ I think this is where we come back to the fact that this is a floor set more or less.

So the buyer for this is someone who both believes a) to d) above and e) for can't click around opensea for 1 hour to put together the horizontal collection that speaks to them

7/ I think this does not describe too many people.

I looked at (I don't actually need a 4th horizontal), but my immediate reaction was "if I wanted a 4th horizontal, I am going to pick the Singularity I want"

8/ Now you might say "but maybe there is a TradArt buyer who wants to get into this space and wants the above"

I dunno, I think there is a ton more education and outreach needed before that happens.

And better display tech. ABC looks good BIG, really BIG, not small

9/ I believe there is something, a big something, that people are missing on horizontal sets.

If you want to build and sell a horizontal at a premium, I think you have to *curate* it, not just buy the floor

If you just buy the floor, someone can say "I will make my own floor"

10/ There are only 200 possible horizontal collections and in reality fewer.

It is not at all obvious to me that the majority of these should be floor sets.

If you have 200 Elevated Deconstructions to use and 9,000 squiggles, why pick a floor squiggle?

11/ Horizontals should have a theme imho, details for another day.

tl;dr

- horizontal floors will trade at the floor and have to beat "picking your own"

- horizontals w/ good themes will be unobtainium and have big premiums

here is your alpha leak for the day :)