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© 2020 Relevant Protocols Inc.
A space for sharing and discussing news related to global current events, technology, and society.
69464 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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"More art is being produced and sold than ever before, at ever higher prices."
"More art is being produced and sold than ever before, at ever higher prices."
A friend and I were talking about this aspect of art - that it really has no obvious monetary value. If someone can get a record of a bid in an auction house, that can be the only reference of its value. This feature can be useful if you need clean money or tax breaks for instance. Suddenly I thought of all the hands and incentives that make up a market, when traders largely just look at price... like reading shadow puppets.
A friend and I were talking about this aspect of art - that it really has no obvious monetary value. If someone can get a record of a bid in an auction house, that can be the only reference of its value. This feature can be useful if you need clean money or tax breaks for instance. Suddenly I thought of all the hands and incentives that make up a market, when traders largely just look at price... like reading shadow puppets.
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