Re punks future scarcity and value, Warhol offers some insights and parallels: - Warhol produced an estimated 9,000 paintings, 12,000 drawings and 19,000 prints. - he bridged the gap between commercial and fine art - his work's easy intelligibility, iconic visual style and steady sales volume at auction (and private sales) has driven enduring popularity and demand - According to Grok in the past 12 months Warhol paintings have averaged $323,947 at auction. - Highest sale $195m for Shot Sage Blue Marilyn in 2022. Punks: - 10k supply - bridged the gap between generative/digital and fine art - easy intelligibility, iconic visual style, steady sales volume (2,260 sales last 12 months). - Highest sale $23.7m. Punks offer more value than trad art however: - PFP potential with individual punk/trait appeal - breadth of exposure (the internet vs your home) - AI agent utility - better liquidity - no commission, shipping, insurance or marketing costs - no fire/damage risk - instant accessibility anywhere. - enshrined in crypto culture These factors grow demand beyond the trad art market. Punks will become increasingly sought after as trad art embraces digital, and crypto adoption continues. Growing appreciation of punks' scarcity and significance will also see them more tightly held. Punks have passed the tipping point towards mass recognition and acceptance. Only 10k punks. 8 billion imminent NFT owners (plus agents). Onwards.