Freakonomics
January 26, 2022: The Tangled Web!
The art market is so opaque and illiquid that it barely functions like a market at all. A handful of big names get all the headlines (and most of the dollars). Beneath the surface is a tangled web of dealers, curators, auction houses, speculators — and, of course, artists. In this episode, we meet the key players and learn how an obscure, long-dead American painter suddenly became a superstar.