Aug
24

Paint by Numbers

The Friday File: The fine art market isn’t overpriced because it’s not part of the normal economy. Prices for fine art are determined by the super-rich — and they have been doing very well. So, if you think income inequality will shrink, don’t buy the Monet. But, if you think income growth for the rich will continue to outpace that for everyone else, the Munch for $120 million was a bargain.

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