The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million

The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million

In 2017, at Christie’s Auction House in New York, a mysterious #Art buyer bid a record-breaking $450 million dollars for the #SalvatorMundi; a painting by the legendary Leonardo da Vinci. News of the staggering purchase price sent shockwaves throughout the entire art market (which, interestingly, has been a reliable indicator of impending market bubbles for decades). What drives the high-end #ArtMarket? How can art be used to move money in creative ways and get around taxes? And perhaps above all, why would anyone park so much money in a picture when there are other asset classes that actually generate cash, like real estate rentals or dividend-paying stocks? … all this and more in today’s episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(295)

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17 Aug 51min

Get Rich Or Die Tryin' ... Literally

Get Rich Or Die Tryin' ... Literally

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11 Aug 20min

How Has Nepal Been Going?

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13 Jul 24min

Why Essential Workers Are Going Extinct

Why Essential Workers Are Going Extinct

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1 Jun 16min

MIT Just Found The Cause Of The AI Bubble

MIT Just Found The Cause Of The AI Bubble

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29 Mai 17min

Has the World Become Uninsurable?

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25 Mai 16min

Finland's Happy Little Economic Crisis

Finland's Happy Little Economic Crisis

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22 Mai 16min

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