This painting sold for half a billion dollars the other day.
Now you might be saying to yourself,
HALF a WHAT ????
And you’d be right to do so. Mostly because every other person on Earth who heard this news said the same thing.
Is the painting that good? Is the artist that famous?
No, the painting isn’t that good. The guy who did it would never value it that highly.
The guy who did it is very famous. Leo da Vinci. Nice guy. Smart guy. Way ahead of his time. His stuff hangs in museums, public and private.
But is his painting worth half a bill?
Guess what? It depends.
If you wanted to have something pretty on your wall, or in your own museum, and you had an extra billion sitting around, what could you do?
You could buy this painting.
And that’s the point. Someone DID buy this painting.
Here’s where the behavior bit comes in.
Someone, SOMEONE, had an extra bill burning a hole in their babushka.
Someone else, someone who already owned this painting, needed a few extra mills to keep the fires lit.
One sells, the other buys. Everyone is happy.
Or are they?
Something * might * be wrong with society if it allows one person to amass so much money that there is a burning billion hanging around, not being very productive in general.
There is also the chance that something is wrong when so much money can be transferred, anonymously, legally, between two very rich people.
The vast majority of us live here in the lowest rungs of the economy. We work, we spend money carefully, mostly, and dream about what we’d do with a million dollars.
There is a very small proportion of people who hold vast amounts of wealth. Their decisions can help sway society, but do they make the best decisions?
In this case, the decision was made to hang a painting for a whole lot of money. For all we know this was actually part of a money laundering scheme. There is no way to know for sure.
When something with a small value suddenly acquires such a high price tag, we should open our eyes.
After all, that’s the only way to appreciate great art.