Kayvon Tehranian & Sebastian Sanchez—Digital Art Post Boom with Peter Bauman

Описание: In this special episode, host Peter Bauman (Le Random's editor in chief) speaks with Kayvon Tehranian (CEO and co-founder of Foundation and Rodeo) and Sebastian Sanchez (formerly Christie's Manager of Digital Art Sales, now independent advisor and curator) about the structural challenges of the digital art market following the 2021 NFT boom.

They discuss how Foundation was recently sold to Blackdove and how Christie's, Sotheby's, and Rodeo have had to dissolve departments or shut down entirely because growth models built on crypto speculation proved unsustainable. The conversation explores where growth actually stalled and why none of the business models worked. Tehranian and Sanchez discuss what their organizations achieved, what can endure, and the need to rebuild from scratch.

In the end, this discussion covers the lofty topics of digital art becoming independent of volatile crypto cycles, moving into physical displays, and developing self-sufficient institutions built through slow, intentional work by committed participants.

Chapters 📖
00:01:40 - Are These Isolated Incidents or Symptoms?
00:09:52 - The Business Model Problem
00:14:13 - Crypto Speculation vs. Art Collecting
00:19:13 - Why Are Auction Houses Pulling Away?
00:25:45 - The Role of Institutions
00:30:56 - Anti-Establishment Energy and What Endures
00:36:00 - The Physical Display Problem
00:38:40 - What Will Endure: Rooted Practices
00:43:55 - How Close Was It to Being Sustainable?
00:48:02 - Leaner Models and the Future