Survivorship bias skews art world investment value
Stuff that goes down, people don't even want to sell it, so it doesn't get factored into the index. If values go up, people do sell. So it seems like prices just go up in the art world of investment.
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Survivorship bias skews art world investment value
Stuff that goes down, people don't even want to sell it, so it doesn't get factored into the index. If values go up, people do sell. So it seems like prices just go up in the art world of investment.