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The Value of Art

While we’re on the topic of how art becomes a commodity, there’s this news about the Upper East Side art dealer Lawrence Salander: apparently he has a history of this sort of thing. I’m intrigued to see how the operation of the gallery was organized, and to see how exactly Salander (allegedly) turned selling art into a Ponzi scheme. It might shed some light on the way that the value of an artwork is determined.

Categories: Asides.

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