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How art is valued is entirely illogical and irrational. Like - that time an entire art installation was confused with trash and thrown out. https://i-d.co/article/museum-cleaners-thought-this-art-inst...

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Similarly to why you can pay 7-digit prices for a watch.

At least that watch still tells the time.

Yeah, but mechanical watches are so much worse at telling time than cheap digital watches that it's not even worth discussing.

Even a broken mechanical luxury watch is right twice a day. A broken digital watch with a screen is useless when it’s broken.

(I’m just trolling at this point, let me know and we can stop this)

obviously digital watch needs an eink screen that shows something even when it's broken :)

It won’t be the time, it’ll be some scrensaver or an ad.

Your watch won't tell you the time unless you drink a verification can

I don't think it's illogical nor irrational. When you look at artworks below €5 000 then there should be correlation between artistic value and price in euros. Not exactly a linear function, but clear correlation. Above that you're not buying artwork - you're buying the prestige and social status of owning an expensive artwork. It's the rich people's equivalent of buying Supreme clothes just to impress the ladies.

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