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Freakonomics

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.