Problem
Inflated art values
Other Names:
Prohibitive cost of artOver-valuation of art
Nature:
Huge amounts of disposable income in the USA, Europe and Japan have created a global art market where prices have reached obscene levels of tens of millions of dollars. New kind of buyers have appeared: speculators who buy, wait for prices to jump, then sell. Broader Problems:
Excessive costsProhibitive cost of goods and services Aggravates:
Capitalist speculation Reduced By:
Bad tasteStrategies:
Valuing art treasuresCreating artMaking affordable artReducing art valuesInflating art values Subject(s):
Commerce → AssessmentCommerce → Purchasing, supplying
Recreation → Arts
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST