This is a hedge behaviour of a coming financial collapse. The arts are bought for the wealthy people in order to protect their wealths from inflasion. Both bitcoin and these kind of art investments are the same.
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It will collaps art like this is way over valued it simply has no sound value to it, not at this ridiculous amount anyway.
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To be honest, anyone willing to pay more than a few dollars for a worthless piece of paper is only feeding their own ego and pride.
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Let’s see, Da Vinci’s “Salvator Mundi” went for $450.3 Million! AND, as a CONSOLATION to all the 2nd Place Bidders, you can still get in on some great deals on some of my art. How much would you pay for "Toujours L'amour." You can see more of my art at http://www.barrows.com pic.twitter.com/SEwBXanoJh
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I wonder how many hungry children and shelters for the poor and unfortunate that kind of money would buy?
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It’s worth whatever someone is willing to pay for it.
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