On the one hand, there are economic forces at work. On the other, there’s a deeper philosophical question about using art as a store of value or investment.
A closer look at the economics and psychology behind high art prices.
Since the blockbuster auction of Paul Allen’s collection, the art market might be losing some of the wind in its sails.
!["[Andy Warhol's 'Bomb'] is not a pretty object, which is why I think it should have sold for tens of millions of dollars," said art critic and author Blake Gopnik.](https://img.apmcdn.org/3761e0583ca64705c59ed2051019702f856c3398/uncropped/4ccd8f-2023-11-the-bomb-larger-webp2000.webp)
