RE: Value of a Creation - What Affects The POB Value of a Post
You make some very good points here @shubhwaj.
Perhaps we all have a tendency to get absorbed in our own little corner of the universe and the cryptosphere... so I appreciate your external examples of Gutenberg's Bible and Picasso, etc. Similarly, we can back away and suggest that there should be a "cap" on how much a living artist should be paid for their work, right? Such a suggestion would cause an OUTRAGE in the world!
Some might argue that here we are working with a "set" rewards pool... but in the art market we are working with a pool of "total annual funds invested in art" which is also pretty fixed. And when someone spends $5M on "Artist A's" new NFT, it means that $5M isn't available to be spent on "Artist B's" work. If we subscribe to the idea of free markets, then that's simply how markets work.
Which is quite different from — for example — "shill bidding" at art auctions (aka manipulation of the market) which is illegal in most places.