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I think it'll continue as long as high-end artworks are financial instruments. There is a lot of money invested in the idea that a painting by X well-known arti
by keiferski 2y ago
I think it'll continue as long as high-end artworks are financial instruments. There is a lot of money invested in the idea that a painting by X well-known artist is worth millions and will continue to be worth millions.
That said, the art market is currently way down, and just anecdotally I feel like a lot of New Money (especially tech money) isn't that interested in art as much as the previous rich oligarchs were, so it may simply become less popular over time.