“An Ansel Adams photo sold for a record-high $722,500 this week. That raises a broader question: How does pricing work in the art market, anyway?”

There’s a great story on NPR’s Planet Money that examines the curious mix of market forces and aesthetic criteria that goes into pricing fine art.

click here to listen

(image – Damien Hirsts’ The Physical Impossibility of Death in the Mind of Someone Living via NPR)

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