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Kingpenm3
McNeese State Fan
Xanadu
Member since Aug 2011
7976 posts
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re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
WHO did the guy pay the $100k to? What gives them the right to sell them?


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

WHO did the guy pay the $100k to? What gives them the right to sell them?


People bought the packs of highlights from a 3rd party company that contracted with the NBA to use them for this purpose.

Those people then sold them on the open market like a baseball card.


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30
chalmetteowl
LSU Fan
Member since Jan 2008
34833 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

think of ways in which a digital asset is more valuable than something you can
physically hold.
spoiler alert: this can never be the case

It’s like downloading video games from online that can never truly be yours vs having copies of CDs and cartridges
This post was edited on 2/16 at 4:40 pm


SammyTiger
LSU Fan
Baton Rouge, LA
Member since Feb 2009
47516 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
So doesn’t the NBA or some television station actually own the clip?

This feels like buying a bootleg and expecting it to act like a Bitcoin


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

So doesn’t the NBA or some television station actually own the clip?

This feels like buying a bootleg and expecting it to act like a Bitcoin


Its officially licensed through the NBA for the expressed purpose.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
75201 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

spoiler alert: this can never be the case

It’s like downloading video games from online that can never truly be yours vs having copies of CDs and cartridges
what do you think will be easier to verify authenticity? Digital or physical?


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20
SammyTiger
LSU Fan
Baton Rouge, LA
Member since Feb 2009
47516 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Its officially licensed through the NBA for the expressed purpose.


Ok that’s a start. Still weird. Almost feels like investing in art that’s in a public gallery.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Ok that’s a start. Still weird. Almost feels like investing in art that’s in a public gallery.


The Mona Lisa is free use. The original is still worth an ungodly amount.


SammyTiger
LSU Fan
Baton Rouge, LA
Member since Feb 2009
47516 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
So I suppose The idea is like art.


Dr RC
Alabama A&M Fan
The Money Pit
Member since Aug 2011
47736 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:


there are serial numbers attached to the highlights making them scarce and rarer depending on the number

for example, if there are 500 clips and you had 1/500 it would be worth more. if it was lebron James and you had 23/500 it would be worth more (bc the jersey number is attached to your serial number)

just the fact that there are only 500 of the digital asset also makes it rare in of itself


But why would anyone care about a digital serial number when anyone can still get the highlight for free?

It's not like it's a physical object that has real scarcity so I don't see how it holds any value to a collector.

Like anyone can download a copy of a digital book. It holds no real value. However if you own a copy of a particular book that had a low run and has been out of print for 30 years it would hold value to a collector.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

So I suppose The idea is like art.


Its more like a trading card because more than 1 are created and numbered similar to trading cards.

They are artifically creating scarcity like trading cards by using their licensing agreements, limiting produced quanitites, etc.

Its a very interesting concept, but its long term value is difficult to evaluate like a lot of things that are "hot" for a while then fade (things like Beanie Babies, pogs, Pokemon cards, etc.)


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21
Jim Rockford
LSU Fan
Member since May 2011
82244 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
To the moon


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20
KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Like anyone can download a copy of a digital book. It holds no real value. However if you own a copy of a particular book that had a low run and has been out of print for 30 years it would hold value to a collector.


Let's say Grapes of Wrath was only published as an e-book, and there are a limited number of 1st digital copies because flaws were found in that version and they were nearly immediately corrected.

There is hypothetically a similar scarcity of the book as the current 1st edition Grapes of Wrath has.

Would those hypothetical digital copies have a similar value?


LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87732 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Let's say Grapes of Wrath was only published as an e-book, and there are a limited number of 1st digital copies because flaws were found in that version and they were nearly immediately corrected.

There is hypothetically a similar scarcity of the book as the current 1st edition Grapes of Wrath has.

Would those hypothetical digital copies have a similar value?


Except in theory you could also go to Kindle and read the first edition just like you can go to Youtube to watch highlights.

I don't see how this holds any value long term. Are digital "trophies" going to hold up to physical in the sports collecting world?



KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Except in theory you could also go to Kindle and read the first edition just like you can go to Youtube to watch highlights.


Just because you can easily look at something doesn't make it lose value.

There would still be a limited quantity available to buy and sell.

You can read a scanned copy of the first edition Grapes of Wrath now.


Dr RC
Alabama A&M Fan
The Money Pit
Member since Aug 2011
47736 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Would those hypothetical digital copies have a similar value?


No b/c once they'd been released to the web they can be copied and replicated as many times as anyone wants.

I can have a rom of a game that had flaws in it's initial print, and then have a rom of the same game that was fixed for the second run. The rom of the initial version that had the errors isn't going to be more valuable just b/c it was eventually fixed.

You can't create scarcity with a digital creation the way you can with a physical. It's just not possible with the way the internet is currently constructed. If you could somehow make it completely impossible to download or view a digital product unless you got it from specific sources sure, it could hold value. But that simply isn't how things work right now and the resistance to the kinds of change that would be needed would be massive.
This post was edited on 2/16 at 6:29 pm


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

I don't see how this holds any value long term. Are digital "trophies" going to hold up to physical in the sports collecting world?


The scarcity is still there.

Are they going back and creating old school Jordan highlights to sell?


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

You can't create scarcity with a digital creation the way you can with a physical.


Explain bitcoins then.


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14
LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87732 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

You can read a scanned copy of the first edition Grapes of Wrath now.


Yeah, and I can look at a picture of the Mona Lisa and even print it out and frame it in my art room, but it's still just a reproduction.

That's where it loses me... these are limited edition authenticated highlight videos, but fundamentally they aren't a different medium or quality than any other version out there.

Obviously you and others see value here... I don't.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

If you could somehow make it completely impossible to download or view a digital product unless you got it from specific sources sure, it could hold value.


There are a finite set of authenticated highlights available to the market.

They obviously hold value because they're selling for over 100k


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