What is art? (legally speaking)
Money Laundering and the Art Market: While creating a new page on law, regulation, and practice, I recently came across the definition of the question "basic art".
[Note: If you're selling art - if no artist is selling it and you don't know the money laundering rules, there's a serious gap between knowing your "need to know" artwork. hopefully it will be published soon.....]
What is art?
Puritans might suggest that if an artist says it is art, then it is art.
These are separable from each other - but many related laws and regulations - don't cut it as "art as a commodity market" because it contains taxes, fines, and penalties. (For those who are skeptical, I suggest you read my information on artwork for artists on "Legal Matters for Artists - How to Follow the Law -" and understand all relevant legal responsibilities )
The legal definition of a work of art in the United Kingdom
It's very simple.
Industry (in the UK) is defined for business purposes, taxation, money laundering and money laundering, as shown below.
Artwork has the same meaning as given in Section 21 of the VAT Act 1994 and includes the following:
- drawing, painting, collage and decorative painting by hand;
- limited edition;
- release a limited number of original statues or statues and statues;
- a limited number of handmade rugs and curtains;
- autographed ceramics;
- a limited number of signature mines on copper (not included in jewelry); And
- The number of signed photos is limited.
In the United States, on the other hand, courts have been used to defend and challenge censorship restrictions (such as "obscene promises" and "public morality articles") that are deemed inappropriate for public finances. Therefore, they refer to the first and fifth amendments.
NFT is not an industry
Interestingly, last week I realized that there was some excitement on the internet because Wikipedia decided that NFT is not ART!
pleasant
- "Industrial" sales like NFT are not industrial sales.
- The so-called most expensive NFT is not on the list of the most expensive works of art sold so far.
You can read the discussion on the discussion page below - under " NFT Sales and Art Sales ".
Oil painting, engraving, photography, or video art are not new artistic environments like NFT. Digital art NFT (created on a single computer) has been around for decades. NFT is a financial instrument. They simplify the sale of digital files by creating losses.Washington Post
Bipal's work is juxtaposed with two other artists, KAWS or Banksy, who go above and beyond the artist's goalkeeping and set a high selling price. Ultimately, though, NFT is the technology used to authenticate a work of art; Whether the work is artistic or not depends on the audience. This technology can also be used to authenticate other types of objects. The New York Times
So now we have
- List of most expensive paintings
- List of most expensive pictures
- List of most expensive statues
- List of the most expensive works of art by living artists
- Irreplaceable list of the most expensive tokens
NFT is a happy sign
A non-exchangeable token (NFT) is a non-transferable unit of data stored in a blockchain and is a form of digital laser . [1] This type of NFT data drive can be added to digital files such as photos, videos, and audio. The NFT blockchain differs from cryptocurrencies like Bitcoin in that each token is individually identifiable . ( wikipedia )
This can affect its value, so there's a lot of "investment" in how you define it!
For me personally, NFT is non-art digital code - and if copyright is not protected it will never be art - NFT doesn't provide it.
Here are some articles discussing Wikipedia's decision to designate NFT as NFT!
- Wikipedia's editors chose not to classify NFT as an industry, which angered the cryptocurrency community . artnet news
- What is the real debate over whether NFT is an industry or not? I like it
- Should NFT be classified as an industry? Wikipedia editor voted "No" for the Smithsonian
- NFT shouldn't finish this Atlantic route
- How does Wikipedia's "non-industrial" classification of NFT affect property rights in the industrial world ?
- What is the oil industry? Wikipedia wrong Quartz
I doubt that any particular rationality can be attributed to law and how art is defined.
NFTs (and, where applicable, their licenses to use, copy, or view fixed assets) may be traded and traded on digital markets. The trading nature of offshore NFTs typically results in an informal exchange of property for property that has no legal basis for its application, and often assigns more than one status code to its use."Which is the most expensive?" Before we start comparing, we need to balance what we sell and what we buy.
Again, it is quite possible that there is great skepticism:
- Excessive NFT sales/receipts due to "commercial laundering"
- Use of NFT in money laundering
Because currently staff do not control the NFT in terms of a strong and orderly financial system, that won't be clear forever.
