The article explores the author's unexpected experience at Ai Weiwei's exhibition, where the art provoked a sense of wonder and curiosity despite their usual indifference toward visual art. It highlights the irrational nature of art pricing, contrasting it with more traditional markets like stocks and currencies. The author concludes that the value in art is fleeting and constructed by the whims and perceptions of buyers, often leading to exorbitant prices for seemingly trivial pieces.
Art prices are the definition of irrationality. Quite literally, there's no inherent value, just what people are willing to pay.
The art market is an ephemeral construction of hope and hype. A banana can be worth $6.2 million.
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