Post
Topic
Board Economics
Topic OP
Price of contemporary art skyrockets.
by
duke1839
on 23/09/2014, 20:23:18 UTC
http://news.yahoo.com/record-breaking-contemporary-art-103321463.html

The proper way to read pieces like this is to understand that the price of art is difficult for governments to manipulate unlike gold, fiat, or even crypto to some extent.  The rich are parking their money in art not as an investment but just as a place to hold value.  When the price of art is rising, understand that the art isn't necessarily getting more valuable but its price in fiat is changing as a hidden sign of inflation.