But also avoiding inflation. As long as rich people silently agree to keep buying this shit at higher prices than the previous sale, as they do with physical artwork, then the owner of a piece has an inflation-proof store of wealth in the form of an otherwise useless piece of shitty art.
That's why rich assholes drop millions on paintings - so that they can sell them again years later without losing money to inflation. Meanwhile, a pleb like you with 30 grand in savings wakes up 15 years down the line to find that his 30k is now practically only worth 15k.
Money laundering.
Money laundering, money hiding, tax evasion.
But also avoiding inflation. As long as rich people silently agree to keep buying this shit at higher prices than the previous sale, as they do with physical artwork, then the owner of a piece has an inflation-proof store of wealth in the form of an otherwise useless piece of shitty art.
That's why rich assholes drop millions on paintings - so that they can sell them again years later without losing money to inflation. Meanwhile, a pleb like you with 30 grand in savings wakes up 15 years down the line to find that his 30k is now practically only worth 15k.