Thread by @RexFlexasaurus

Buying and Selling Art on Tezos: a 🧵 about my experience the last 7 months.
I don't consider myself a "flipper" but I do buy extra editions or sell a piece for a good value if the opportunity arises- I can use it to support more artist and pieces that I love....
(Cont).

2. The last 7 months since I started collecting on #Tez I've spent 81.1k on 4067 editions an average of just under 20 #tezos per piece. I buy a lot on secondary, I'll pay more for a piece that seems drastically undervalued many times over, mostly just going by my aesthetic taste.

3. I've managed to sell 120 editions (just 3% of total collection) of those 4k for a total of 13.5k. An average of 112 a piece. Every day I've spent around 380 #tez on 924 artist, that feels like a lot for 212 active days- almost 5 new artist per day 7 months straight.

4. This means that if we applied that math over lets say the next 1-2 years just using the average established mean the last 7 months all the editions I currently hold (4067) would have an average value of a whopping 457.3k #tezos 🤯

5. I've learned an immense amount about the chain, artist and ecosystem. Even developing a project with some very talented people, the @tezvendmachine - I am playing the long game & love #tez art and culture. A refreshing change of pace from other roles and a creative outlet.

6. Stats for this thread pulled from the amazing @NFTBiker hopefully you've enjoyed reading & learned something from my experience. For myself- when in doubt always zoom out and study, keep up the great work friends & I'll keep doing my best to exist mindfully in the space. 🌹🦖

Also I should note this thread is about the long term value supporting art and culture on #tezos -
my fanatical largesse just serves as a
way to denote that from my own perspective.

@threadreaderapp
unroll please ty