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More proof of the irrationality of the art market and how artwork is priced. Reminds me of [1]. [1] http://blog.priceonomics.com/post/53857118493/is-wine-bulls
by elyase 13y ago
More proof of the irrationality of the art market and how artwork is priced. Reminds me of [1].
[1] http://blog.priceonomics.com/post/53857118493/is-wine-bullshit http://blog.priceonomics.com/post/53857118493/is-wine-bullsh...
- dbond 13y agoIts called positional good. http://en.wikipedia.org/wiki/Positional_good http://en.wikipedia.org/wiki/Positional_good