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by Balero
1648 days ago
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I can get an exact copy of a piece of artwork, say the Mona Lisa, for like $20. It will look identical, maybe another $50 for a nice frame. What you are seeing is identical. The art market is not buying and selling pieces of artwork. It is for obfuscating money. Where the money came from, where and who the money is going to, how much is owed to or hidden from governments. Art is expensive because it makes it easier to obfuscate large amounts of money. |
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Why is the first production car worth more? A buyer won't know the difference between the 1st and the 5th past that tag. IMO the cost is driven mostly by rarity.
Of course what you pointed out is definitely a role in art, but I don't think it's the primary driving force