In the summer of 2014 the handwritten lyrics to Bob Dylan's hit "Like a Rolling Stone" were sold for the staggering amount of $2.045 million dollars. That's a lotta cabbage, as they say.
Naturally the event gave me an opportunity share my thoughts and observations as to why this song and its author were so significant. Some ask how the lyrics to a song could be so valuable. I dunno. I suppose it's all a matter of how you define value. Here's what I wrote at the time in defense of the value of this song and Dylan's prose.
 |
| Jack Dorsey's first Tweet |
And yet, here it is. The times are a-changin'.
Twitter CEO Jack Dorsey is selling his first ever tweet from 15 years ago this month, and there are buyers bidding it up. That's five words, currently worth $500,000 apiece.
Compare that to four pages of Like a Rolling Stone, which amounts to a full page of words for a half million a piece.
How does one "own" a piece of digital real estate? This is very strange to me.
According to the article in my Stocktwits eNewsletter for March 9 (today) Mr. Dorsey will convert the winning auction proceeds to Bitcoin and then domat to his Give Directly Africa Response, an organization providing Covid relief to vulnerable families. (Big shout out to Dorsey.)
The article includes a link to the auction in the event you wish to outbid the current high bidder. here’s the link
Here's the story at CNBC: Jack Dorsey’s first tweet is on track to sell for $2.5 million, and he says
the money will go to charity
* * *
How high will the bidding go? Place your bets.
No comments:
Post a Comment