3 ms·

Is it good for the industry that art thefts happen? After all, it validates that these things are actually valuable

• mannykannot 8y ago
  Not as much as the auction price does.
  • ikeboy 8y ago
    But the media only reports auction prices when they're obscenely high, like in hundred million ranges. Art thefts can get widespread coverage even when they're only worth a measly 18 million
    • mannykannot 8y ago
      You have a point, but if the 18 million is a reference to this case, it seems the then-current value was several times greater than they were insured for. The fact that the paintings were burned also raised its profile considerably.