Jewelry and artwork are used for adornment and to signal status.
Artwork is also used to decorate or define your living space or working space. It can manipulate your emotional state, serve as a conversation piece at parties, or signal some other trait about you. Artwork is also used to express ideas. Is really high-end collectable artwork from famous dead artists priced far higher than its utility should warrant? Most likely this is because they're used as a store of value. The reasons why artwork became a convenient store of value are probably interesting and might be worth comparing on a detailed level with bitcoin-- but the simple fact that fine art exists as a store of value does not mean that just any arbitrary exchangeable item is likely to fill a similar role.
Kim Kardashian's story is a lot more nuanced than you give it credit for. Many famous socialites quickly fade back into relative obscurity. Kardashian (in full club get-up, anyway) was strikingly beautiful, had a bold but impeccable sense of style, and a willingness to repeatedly expose her personal life to the public. She proved to have a better-than-average ability to entertain audiences on her reality TV show, even if that ability wouldn't fit into any traditional definition of an entertainer.
Fiat currency has no value beyond its utility as a medium of exchange (or store of value). But then, my whole point is to distinguish currency from other types of assets.
Artwork is also used to decorate or define your living space or working space. It can manipulate your emotional state, serve as a conversation piece at parties, or signal some other trait about you. Artwork is also used to express ideas. Is really high-end collectable artwork from famous dead artists priced far higher than its utility should warrant? Most likely this is because they're used as a store of value. The reasons why artwork became a convenient store of value are probably interesting and might be worth comparing on a detailed level with bitcoin-- but the simple fact that fine art exists as a store of value does not mean that just any arbitrary exchangeable item is likely to fill a similar role.
Kim Kardashian's story is a lot more nuanced than you give it credit for. Many famous socialites quickly fade back into relative obscurity. Kardashian (in full club get-up, anyway) was strikingly beautiful, had a bold but impeccable sense of style, and a willingness to repeatedly expose her personal life to the public. She proved to have a better-than-average ability to entertain audiences on her reality TV show, even if that ability wouldn't fit into any traditional definition of an entertainer.
Fiat currency has no value beyond its utility as a medium of exchange (or store of value). But then, my whole point is to distinguish currency from other types of assets.