No Reserve, No Refunds — Do art markets measure value or create it?

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No Reserve, No Refunds

AI summary of the linked article

Visualize Value presents "Final Sale," an artwork series whose prices are set automatically by network conditions rather than by artists or collectors. Each purchase price is calculated from current gas fees and chain congestion on the VV mint protocol, and the article says this removes artist pricing bias and collector speculation. The article also states that the "no refunds" element concerns the pricing mechanism, not resale, since the pieces remain tradable tokens. It further says each mint captures a specific moment of network state, making every purchase unique despite identical content.

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