one thousand paintings
Out of context: Reply #3
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Me: So what you get is a painting, which is a canvas, 30 cm * 30 cm, 4 cm, thick. It's white and it has this blue number number on it. That's it. It's signed, of course, and it has an "up to 19 digits" number on the back, which is sort of a password for that specific number.
Chris: Are you worried about fakes?
Me: Yes. Absolutely. From the beginning. That's why I did this. I mean, we saw this with the million dollar homepage. Once an idea spreads across the net - and if it's not to difficult to get started, like with this project - you get fakes and copycats immediately.
Chris: Ok, lets do the numbers then. How much are these paintings selling for?
Me: Well, the "value" of a painting, i.e. the full price of a painting, is simply 1000 USD minus the number.
Chris: A thousand US Dollars?
Me: Minus the number, yes.
Chris: Oh I see, so the lower the number the more expensive it is...
Me: Exactly. So, number 1 - if it was still available - would go for $999. But I wanted to have this special pricing scheme, so what we came up with is that initally, you just had to pay 10% of this amount. And then, after a 100 paintings are sold, you have to pay 20%, and after another hundred, it's 30%, and so on. And the last hundred numbers that are sold will go for the full price. So, it's a bit like the stock market: The more people buy, the more expensive it gets. So far, I've sold 519 paintings. About 400 of them were sold in the past few days.
Chris: Hold on a minute. So 519... and the potential amount of money you could make... is it a million dollars?
Me: No. It's not million..
Chris: A thousand times a thousand...
Me: No no. Some people have written about it...
Chris: I'm in the wrong business!
Me: People have actually come up with equations and computer programs how to calculate the amount of money I could make with this. It's pretty simple: on average, the number on the painting is 500, and on average, they sell for about 50%.
Chris: So you're saying it's a 250'000 $.
Me: Yes.
Chris: I'm glad my math is good, but I'm still wildly envious of you.
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pile of rubbish.