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Re:The Sotheby's trial revealed the art market's unsavoury p... by yieldcrv on Tuesday February 06, 2024 @07:09AM (#39273385)
that sentiment dissipated for me when I was willing to acknowledge how financial services that are more universally respected are not fundamentally different from “billionaires paying too much for paintings”

all markets have the same human behaviors in them, all markets have degrees of opaqueness that get taken advantage of the same way, all markets that have transparency have it in response to the same behaviors, all market participants are subject to a liquidity problem and sustaining a balance that grows faster than the issuance of the currency they use, which brings me to the next point:

billionaires saving is worse for your life than billionaires spending. help people spend and your economy grows. this isn’t a trickle down praise, in fact its the opposite, assume it wont magically trickle down to you as motivation to personally help them spend with a 54% markup

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