The art is very valuable, financially, because people are willing to pay for it.
However, absent the market clearing the asset, its value is impossible to objectively evaluate. Even if we had an objective function to evaluate art the basis of evaluation is incorrect - the artwork is valuable as an instrument of government corruption
So m, if we can't even agree on the reason why Hunter's artwork is worthwhile, how can we even possibly evaluate it?
The art is very valuable, financially, because people are willing to pay for it.
However, absent the market clearing the asset, its value is impossible to objectively evaluate. Even if we had an objective function to evaluate art the basis of evaluation is incorrect - the artwork is valuable as an instrument of government corruption
So m, if we can't even agree on the reason why Hunter's artwork is worthwhile, how can we even possibly evaluate it?