$136 million for a Klimt, $71.7 million for an Andy Warhol...It's not that art is expensive, but rather that money has become cheap for certain collectors--Russian oligarchs, Chinese, and American... This description may be from another edition of this product.
This book frames the economics of how speculation, marketing and even personal hubris can drive the extrinsic price of art. It is a good read if for nothing more than to be open minded to an alternative viewpoint to the sea of voices that represent "the market for fine art".
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