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The art world (the selling and reselling of art) is purely history + speculative and most of it IMO is definitely motivated by speculation. A piece of art can
by ThomPete 9y ago
The art world (the selling and reselling of art) is purely history + speculative and most of it IMO is definitely motivated by speculation.
A piece of art can go from 20USD to 20.000USD in no time.
My wife works in the auction industry so at least from having followed the world through her it would say it's mostly speculative.
I think there was even an article recently about how manipulated the art world is.