We'll know things are improving when the "art" market completely implodes.https://twitter.com/business/status/816097761934221312 …
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At least this balloon dog isn't hideously ugly, but $58 million?pic.twitter.com/4u08ToM562
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why would it stay up? Markets may stay irrational longer than you can stay solvent, but they don't stay irrational forever
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bitcoin is irrational for essentially similar reasons (though art has more intrinsic value). Something isn't a real store of
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value if its only value is in transferring value. Dollars have value because of government force, not because it
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merely transfers value. Other items have intrinsic value.
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- I've seen a theory that's a way to launder money in elite circles. There is no other explaination for Jackson Pollack paintings.
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