Art and Auction: Why do paintings cost so much?

Black Fire I — Sold at $ 84 Million*
Salvator Mundi ( Leonardo) — Sold at $450.3 Million*
  1. https://artbasel.com/about/initiatives/the-art-market
  2. https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq
  3. https://qz.com/103091/high-end-art-is-one-of-the-most-manipulated- markets-in-the-world/
  4. Image credits: WikiArt.org

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