$450M on a painting isn't a bad thing; it's just some money changing hands. $450M on a mansion, that's a lot of real value that could have gone elsewhere.https://twitter.com/DeanBaker13/status/933073306844004355 …
hah, i like this perspective. spending $450M on art is almost more like a currency trade
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also reminds me of something i wrote a while backpic.twitter.com/qMYiK1oJHP
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arguably, though, spending $450M on a painting props up the art market, which induces more people to spend more energy making it. and the opportunity cost of that energy is... ?
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