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Why Is Modern Art So Expensive?

Why Is Modern Art So Expensive?

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The prices feel absurd — almost like a prank played on the rest of us.
In this episode of Why This Exists, we unpack why modern art commands staggering sums, how ideas replaced materials as the source of value, and how status, scarcity, and signaling quietly drive the market.
Along the way, a few ironic twists make those eye-watering auction results feel less ridiculous — and more revealing.

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