GIF MARKET is a new project by Kim Asendorf and Ole Fach. The animated GIF is probably the most popular net.art file format at the moment and it’s only a matter of time till some animated GIFs will end up in art collections.
The GIF MARKET is located on the way to future. It’s not on the destination, much more shortly after the start, but it’s one of the pioneer projects for giving files a value.
The project contains a series of 1024 animated GIFs, each named by a #number. The GIFs show a black line which marks the centre for the 1px large particles rotating around it. #1 is the most unique, it has only 1 pixel flying around, and therefore the most expensive. Down to the end there are so many particles that you can’t see the difference between #950 and #1000.
The price gets calculated by this formula:
PRICE = (SALES / NUMBER) * 16
Each sale increases the price, at the end the #1 will cost 16,384.00€.
BTW, I bought #23 last Saturday at a very low price. It was an excellent investment!