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"A market where extremely rich people pay too much for mediocre art and shut out the not-quite-as rich may not be the biggest issue in a wildly polarized economy."

"A market where extremely rich people pay too much for mediocre art and shut out the not-quite-as rich may not be the biggest issue in a wildly polarized economy." - Hallo friend USA IN NEWS, In the article you read this time with the title "A market where extremely rich people pay too much for mediocre art and shut out the not-quite-as rich may not be the biggest issue in a wildly polarized economy.", we have prepared well for this article you read and download the information therein. hopefully fill posts Article HOT, Article NEWS, we write this you can understand. Well, happy reading.

Title : "A market where extremely rich people pay too much for mediocre art and shut out the not-quite-as rich may not be the biggest issue in a wildly polarized economy."
link : "A market where extremely rich people pay too much for mediocre art and shut out the not-quite-as rich may not be the biggest issue in a wildly polarized economy."

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"A market where extremely rich people pay too much for mediocre art and shut out the not-quite-as rich may not be the biggest issue in a wildly polarized economy."

"But art is the record of culture we leave for future generations, and it too is being warped by our unequal economy," writes economist Allison Schrager in "Even the Rich Aren’t Rich Enough for Jeff Koons/As billionaires compete for art in an overheated market, the merely affluent are giving up" (NYT).

I really don't know why I'm supposed to be bothered that Steve Mnuchin's dad paid $91 million for a shiny metal rabbit.

Schrager invites us to care about the psychology of art collectors who might see that an artwork sells for tens of millions and "assume the $50,000 work they can afford is not worth buying, especially if they can’t flip it for a quick profit at auction." You need people of "middle tier" wealth to buy product in the middle-tier market to keep the art market doing what it's supposed to do to cause art to come into being and leave a record that we existed.

I don't know. You've got that rabbit. That's the record. Future generations will look back on us and think we were that rabbit.

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