484. “A Fascinating, Sexy, Intellectually Compelling, Unregulated Global Market.”
Freakonomics Radio
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The Intricacies of the Art Market
This chapter explores the complex dynamics of the contemporary art market, focusing on the dramatic rise in value of artist Alice Neel's work posthumously. It addresses the challenges of art pricing, the role of art advisors, and the need for transparency in a market often shrouded in elitism and exclusivity. Insights from art dealers and economists shed light on the paradoxes within art valuation and the implications for both buyers and artists.
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