2 ms·
> there’s no reason I know of to suspect the ‘age-wealth point’ of the collector is particularly relevant. All I mean is I think there's a bump around the time
by georgefrowny 11mo ago
> there’s no reason I know of to suspect the ‘age-wealth point’ of the collector is particularly relevant.
All I mean is I think there's a bump around the time something particularly nostalgic intersects enough of the nostalgia-havers getting rich enough to bootstrap somes things into valuable-because-valuable territory. Comics, movies, etc. You could explain some of this Superman price that way, but you can't explain a recent increase in da Vincis, for example. I suspect quite at lot of 5/6 figure comic book sales that then bump the magic-number editions into the millions are buoyed by people who have done fondness for comics they had as children.
On the other hand, I think that eventually "the story" is merely an excuse for the price and whatever it is just valuable for the sake of being a member of a class of items that are demonstrably unique, irreplaceable and that can have particularly useful properties as a store of immense value. I really doubt that an Saudi prince dropping half a billion on a da Vinci, probably fronting for MBS, really gives a hoot about da Vinci's "story" at all other then his name underpins a really advantageous wealth store. I also doubt anyone else who might pay that and support the price does either.
There's an established, global industry based around curating what does and doesn't "count" for these purposes. NFTs obviously have massive parallels with paintings and comic editions in terms of provable uniqueness, attestable sale prices and clear ownership, but failed to convince the curators and break into the stratospheric market where it actually makes sense to assign value-due-to-value. Perhaps partly because proving the above points isn't a fully public process, but it's itself carefully gated by physical access and social connections.