Why 🦉 CultureCultureCulture picked: Comment | Art does not function like other commodities, so why is it being priced like one?
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Source: theartnewspaper.com
A commodity economist explains why the art market's plumbing, its financial apparatus and its blind spots all look familiar—and why it enables fraudsters like Inigo Philbrick
Lead moderator note on this article
This article discusses the financial mechanics and market dynamics of the visual arts world, specifically focusing on the pricing and trade of artwork.
Additional moderation notes
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This article discusses the financial mechanics and market dynamics of the visual arts world, specifically focusing on the pricing and trade of artwork.
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