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    rarity

    Explore "rarity" with insightful episodes like "The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million", "We Buy a Superhero 7: Collectibles (Live Show!)" and "The Baseball Card Bubble Can Tell You A Surprising Amount About How Markets Work" from podcasts like ""Economics Explained", "Planet Money" and "Odd Lots"" and more!

    Episodes (3)

    The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million

    The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million
    In 2017, at Christie’s Auction House in New York, a mysterious #Art buyer bid a record-breaking $450 million dollars for the #SalvatorMundi; a painting by the legendary Leonardo da Vinci. News of the staggering purchase price sent shockwaves throughout the entire art market (which, interestingly, has been a reliable indicator of impending market bubbles for decades).  What drives the high-end #ArtMarket? How can art be used to move money in creative ways and get around taxes? And perhaps above all, why would anyone park so much money in a picture when there are other asset classes that actually generate cash, like real estate rentals or dividend-paying stocks? … all this and more in today’s episode!

    The Baseball Card Bubble Can Tell You A Surprising Amount About How Markets Work

    The Baseball Card Bubble Can Tell You A Surprising Amount About How Markets Work

    There's a good chance that if you were a boy in the early 90s that you were a collector of baseball cards. For a few years, the baseball card industry went from being a niche collectible to a massive industry. It was, for a brief period, a legitimate bubble. On this week's Odd Lots podcast we talk to Dave Jamieson, the author of Mint Condition: How Baseball Cards Became an American Obsession. Among the topics we discussed include the role that pricing guides had in exacerbating the boom, the way that supply massively expanded to meet the raging demand, and how baseball cards have always been a gateway to various vices.

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