Why someone will pay millions of dollars for a painting, is there something behind that normal people doesn’t know?

Question

So I was listening the news about a new art exhibition and paintings reached 80 millions of dollars, I can understand that if you have a lot of money you can afford that but let’s be honest, millionaires are millionaires because at least some of them are smart, me as normal person don’t believe buying a paint for 50-80 million is a smart move, is there something that I’m missing? Something that is not widely shared about those art subast?

In: Other

Answer 1

If you had millions or billions of dollars spare that you didn’t need at all you might also find yourself making some seemingly frivolous purchases.