The value (in terms of money) of art has always been confusing to me. Art has monetary value because: 1 it is a famous, one-of-a-kind piece 2 it can be used for money laundering and/or illegal transactions Pieces in museums are always in the #1 category. Any other piece with high monetary value is clearly in the #2 category. This stolen van Gogh will probably end up in a private collection, but really, what's the poi…
The high end art community is about showing off and various scams with money (money laundering, loans, tax evasion, bribery, etc.) Pretty toxic stuff, but "I have so much money I don't know what to do with it all" is real and finds solutions.