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#114 — A Deep Dive into The Art World — Todd Kramer

Magic Minds

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How to Increase the Demand for Art at Auctions

The economic principle just gat the price so expensive on purpose to increase that demand. So eno berkan bags. What do you mean, i can't spend 30 thousand dollars on a handbag? Well, sorry, we're not avaalable now. Everyone wants it. Ah, and that principle applies in the art world. It's really, really entrenched in the artworld. Ye, exactly. Dand you can't get it too and make it scarce as well, right? And at auction you see public, public homps that they sell for a hundred thousand dollars um. You start to create buyers who are incentived to come in specifically from, you know

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