It’s worth what someone will pay. See also bitcoin thread.
(ETA John Berger in his book “the success and failure of Picasso” noted that Big P was already a very very successful artist in, I dunno decades ago I read it so let’s say the 30s. That meant a top professional type income, nice big house in a nice Parisian suburb. It was only after US financiers started looking for new places to put their money that prices went mad, so that by the 60s a few strokes of his brush were worth a house.
If I wasn’t on the phone I’d say something about the KLF trying to jump in to the art world by burning £1m. A worthy failure, which might have come off if it hadn’t looks too close to taking the piss. Which is to say, if it’s that easy, you do it.
On topic, I don’t like Cyber Twombly much, but I do like art. Especially the modern shite that makes you wonder about the point of stuff, init.)