Much more interesting is what a dungeon designed by Gerrit Rietveld would look like. |
In 2019 Michael Shnayerson published his book "Boom: Mad Money, Mega Dealers, and the Rise of Contemporary Art", a look into the world of modern art and its random sky-high valuations. It concludes that art has become big business.
As an economist I'm rather fond of Keynes' greater fool theory. It states that it doesn't matter how much a share is actually worth, all you need is someone who buys it for more than you paid for it. And of course get out when the house is on fire. Easier said than done, selling your portfolio at a profit in a global pandemic.