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The super rich aren't getting fooled out of money. Many are investing in art just like they invest in stocks with the hopes that they'll be able to sell it at a
by lancesells 7y ago
The super rich aren't getting fooled out of money. Many are investing in art just like they invest in stocks with the hopes that they'll be able to sell it at a profit or use it as equity. Others just love art and want to buy pieces they enjoy while others want to prove they've got the biggest dick in the room.
Art is worth what the market will pay and clearly the market will pay more and more every year. Is it a bubble waiting to burst? Maybe, but it will come back over time and those artworks will be worth even more.