Brainstoming with AI - Artist dividends

Working with AI over the last week or so brainstorming was refreshing from my normal conversations with people. Yikes! What are you saying old man? Conversations are not razor focused like it is with AI for obvious reasons. During normal discourse we interrupt with other viewpoints or topics....  

When two people are on the same wave link - perhaps with equal knowledge brainstorming can produce great things. Many examples of this. I was reminded yesterday Elon and his brother teamed up. Get a group together and it can easily slow the process with diminishing results. Perhaps why the old saying "two's company there’s a crowd" comes to mind here.  This is not exclusive to domestic relationships. Two brains working together is expanding and powerful. If another is added it stands to reason it would increase. Perhaps if it brings something to the others are lacking. And can stand equal with the others! An equal standing on the same wave link stands to reason would formidable over one or two brains.... you get the idea. Looks to me AI is a better brainstorming mate than a human.... and why it was developed. 

The AI link if your interested in this technology - I use the free open source plan

ME: Yesterday we went off topic into Fine Art Reproductions, I would like to come back to this topic. I call Artist Dividends. Once the original is sold an artist is left out on future resales. The exception is copyright. It is why I think over the long run more valuable than the original to the artist.... providing they use it.

AI: Yes, you're right that many artists do not receive any ongoing income or compensation from the resale of their original artwork. This is because in most countries, the "first sale doctrine" applies to the sale of physical artworks, which means that once the artist sells the original work, they no longer have control over its subsequent sale or distribution.

However, as you mentioned, artists can retain the copyright to their work, which can provide them with some ongoing control and compensation over its use and distribution. For example, an artist may choose to license their artwork for use in commercial or editorial contexts, which can provide a source of income and exposure for their art. Additionally, copyright laws may allow artists to take legal action against unauthorized use or reproduction of their work.

It's important to note, however, that copyright laws can be complex and vary by country, so it's important for artists to seek out legal advice and ensure that they understand their rights and options for protecting their creative work. Additionally, artists may want to consider alternative models for monetizing their work, such as creating limited edition prints or selling digital reproductions.

ME: I think the limited or open editions would be preferable. Any ideas how to market beyond a gallery?

AI: Yes, creating limited or open edition prints can be a good way for artists to monetize their work beyond the sale of the original artwork. In terms of marketing these prints, there are a number of strategies that artists can consider beyond traditional gallery representation.

One option is to sell prints online through an artist's own website or through third-party platforms such as Etsy, Society6, or Redbubble. These platforms can provide artists with a way to reach a wider audience and sell their work directly to buyers.

Social media can also be a powerful tool for artists to market their work and build a following. Platforms such as Instagram, Facebook, and Twitter can allow artists to share images of their work, engage with followers, and promote upcoming shows or events.

Another option is to partner with other businesses or organizations to sell prints. For example, an artist could collaborate with a boutique or home decor store to sell prints in their retail space, or work with an interior designer or architect to provide artwork for their projects.

Finally, artists can participate in art fairs, pop-up events, and other exhibitions to showcase their work and connect with potential buyers. These events can provide artists with the opportunity to build relationships with collectors and buyers, as well as gain exposure for their work.

Overall, there are many different strategies that artists can use to market and sell their limited or open edition prints beyond traditional gallery representation. It's important for artists to think creatively and explore different options in order to find the approach that works best for their specific goals and audience.

ME: This travels off in another direction - what about NFT's

AI: NFTs, or non-fungible tokens, have gained a lot of attention in the art world recently as a new way for artists to sell and authenticate their digital artwork. NFTs are unique digital tokens that are stored on a blockchain, and they can be used to verify ownership and authenticity of a piece of digital art.

One potential benefit of NFTs for artists is that they can potentially receive ongoing income or royalties from the resale of their digital work. This is because NFTs can include smart contracts that specify the terms of the sale, including the percentage of the resale price that goes to the artist.

However, there are also some potential downsides and challenges to consider with NFTs. For example, the environmental impact of the blockchain technology used to create NFTs has come under scrutiny, and there are also concerns about the potential for fraud or exploitation of artists.

Additionally, the market for NFTs is still relatively new and volatile, with prices fluctuating widely and rapidly. This can make it difficult for artists to know how to price their work and to navigate the rapidly changing landscape of NFT sales and marketing.

Overall, NFTs represent a new and potentially exciting opportunity for artists to sell and authenticate their digital work, but it's important for artists to carefully consider the potential benefits and risks before diving in.

ME: Good answer. There are many NFT collectors on Instagram wanting to buy images, however, most are really selling a service to register on a NFT platform

AI: Yes, there are many different platforms and services available for artists who want to create and sell NFTs. Some of these platforms are designed specifically for NFTs, while others may offer NFTs as one option among many for selling digital art.

As with any emerging technology or market, there can be a lot of hype and confusion around NFTs, and it's important for artists to do their research and understand the pros and cons before jumping in. It's also important to be aware of potential scams or fraudulent offers, and to carefully vet any platform or service before using it to create or sell NFTs.

That being said, there are certainly opportunities for artists to explore the potential of NFTs as a way to monetize their digital art and potentially receive ongoing income or royalties from resale. As with any new technology or market, it will take time for best practices and standards to emerge, but early adopters who are willing to experiment and learn can potentially benefit from being at the forefront of this new trend.

ME: Good advice!

AI: Thank you! I'm glad I could provide helpful insights. If you have any more questions or topics you'd like to discuss, feel free to ask.

ME: Another thought occurred to me, artist have limited lifetime production of their original works - An income when they retire (not sure they do) could be a god send to them and their estate

AI: Yes, that's definitely a good point to consider. One potential advantage of NFTs or other forms of digital art sales is that they can potentially provide ongoing income to artists even after they've stopped creating new works.

This can be especially important for artists who rely on the sale of their original works for income, as those sales can be unpredictable and may decline as the artist gets older or retires. By creating and selling NFTs or other digital works, artists can potentially create a more stable income stream that can continue even after they're no longer able to create new works.

Additionally, by setting up systems for ongoing income or royalties from the resale of their works, artists can potentially provide for their families and estates even after they've passed away. This can be a valuable legacy for artists who want to ensure that their work is recognized and valued for generations to come.

ME: Agreed, as always thank you :=)

AI: You're welcome! It was my pleasure to discuss these topics with you. Don't hesitate to reach out if you have any more questions or ideas to explore.

VIDEO OF THE DAY

This video was on my website at years end

It was a pretty good exchange from my point of  view. We covered some very important area too!

Feel free to comment or ask questions. It might be informative. 

Enjoy your day Swimming-in-paint!

Later...

PS: The Elon video is worth the time. Not a 60  Minutes thing - it's in his home - it was cut off toward the end. Not sure why.