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at my state art gallery there was a HUGH blank white canvas with a yellow dot in the middle.

At the bottom left corner it stated "sunrise" and in the top right hand corner upside down was stated "sunset" and it sold for $20,000..

... who was the artist? Similarly, a baseball hit by Babe Ruth might go for tens of thousands but we know they’re all made the same.

The first one sells for $20k. The second one doesn't sell at all.

I love this argument. It's the same thing that motivates people to write comments that say "First!", low effort but you got there faster.

The first one sells for $20k. The second one sells for $200k. The third one sets a worldwide auction record.

Just as plausible given the motives of art buyers.