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The economics of ridiculously expensive art

  • Written by Bronwyn Coate, Lecturer, RMIT University
imageLeonardo da Vinci's Salvator Mundi recently sold for US$450 million.AAP

What would possess someone to buy Leonardo da Vinci’s Salvator Mundi for US$450 million? You might think it’s an investment - after all it was previously sold for just US$10,000 in 2005.

From an economic point of view, art can be an investment. Although the research...

Read more: The economics of ridiculously expensive art

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