While securities exchanges fall in New York, Tokyo, London,
precisely in those same places the workmanship showcase achieves phenomenal
levels ever. Whatever, works of art of Rauschemberg or Bibles of Gutemberg, are
sold at costs that exclusive several years prior would have appeared to be
woozy. In any case, it is not an arrival to great detect by speculators burnt
by their carelessness in paper esteems, in any case, despite what might be
expected, a flight into the universe of the fanciful.
Blue lilies painted by Van Gogh are worth, as it came to be
found at the closeout of the Sotheby's home in New York, 53 million dollars,
which is around 13.250 million pesos. Very nearly a hundred years prior, when
Van Gogh painted them in a Provencal home, they would scarcely have been sold -
in the improbable occasion that they had been sold - at a millionth of that
cost.
The subject fits simple demagogic incongruities. Poor people
and hopeless craftsman, who spent his life asking credits to his patient
sibling, has turned into a time of his demise in the most costly painter on the
planet: what turns life gives, thus on.But additionally in Sotheby's - in spite
of the fact that this time in London - Che Guevara's daily papers in Bolivia
achieved the noteworthy figure of a large portion of a million pounds, or a
million dollars two years prior. At the point when 18 years prior General René
Barrientos had offered close to 50,000 Bolivian pesos ($ 4,200 around then) for
Che's head. Which implies that, as far as market economy, a Che Guevara is
worth substantially more dead than alive. What's more, on the off chance that
we discuss guerrillas, it is anything but difficult to recall that a standout
amongst the most brilliant figures of the Vietnam War (which, in addition to
other things, was a war of figures) was the million dollars worth of each dead
Viet Cong. Or, on the other hand, more precisely: that slaughtering a Vietcong
was costing the American citizen, all summed up (inputs, work, publicizing
costs and picture counseling), a million dollars. As the financial analysts of
the established school, Adam Smith or Ricardo would have stated, for whom the
benefit of something was the immediate impression of their expenses of
generation: to cause the demise of a Vietnamese (excluding the costs that that
may have for Vietnam ) Came out in a million dollars.
Yes, yet then the idea of minimal utility becomes an
integral factor, which in principle declines to the degree that there is a
plenitude of item supply. What number of dead vietcongs are required for the
cost bend to begin to coordinate that of the advantages? In principle, a Van Gogh
is justified regardless of the same as 53 Ches: yet there are 53? With that we
end in the joke of the cost of the Argentineans. But, it is not a joke: by
Maradona Barca paid 5 years prior right around 1.6 billion pesos, which, as per
the press of the time, approached 8 times its weight in gold; And a little
while later it was exchanged to Naples, winning him a few thousand million
lire.Thus, from the field of craftsmanship and war, we swing to the game, where
similarly chilling figures are dealt with: specifically, and incomprehensibly,
in sports whose market is littler. Since there is just a single Maradona, and
not very many football players dwarf the $ 3 million dollars, however in Abu
Dhabi, a great dashing camel is effectively exchanged for 3 to 4 million
between the oil sheiks. And everywhere throughout the world they are just keen
on camel dashing.
So a van Gogh from the season of the refuge is worth 25
camels. Be that as it may, by the blonde Bo Derek, in the no so distant past, a
Tuareg supervisor offered her significant other an entire group of camel calves
and 140 goats. Is Bo Derek Worth More Than a Van Gogh? Or, on the other hand,
to come back to the line of demagogic irateness cited above, what number of
schools, what number of healing centers can be manufactured and blessed with
the cost of 2 or 3 Bo Derek? Practically the same, no uncertainty, than by a
plane carrying warship or a couple of squadrons of F-18 flying machine. What's
more, if that is all in all, what amount are the American bases in Spain worth?
35 years prior Eisenhower just gave them a grin for Franco, and it is difficult
to know whether it was a decent or terrible business, or for whom.
It is difficult, it will be stated, on the grounds that they
are looking at things excessively heterogeneous: units, football players,
planes. However, this heterogeneity, in the market, winds up converted into
cash. In this manner, the outside obligation of a nation like Peru, for
instance, could flawlessly well be paid with 200 Van Gogh, in the event that it
had them. It would not be an operation other than to pawn the gems of the
family to pay the lease. Peru does not have Van Gogh, but rather has, for
instance, that exceptional show-stopper that is the strange Nazca lines,
mammoth drawings of spirals and flying creatures that appear to be drawn with
the tip of the finger of God. On the off chance that Peru sold the Nazca plain,
as it did 20 years back London sold its celebrated London scaffold to a little
American city, possibly it could pay its obligation.
It happens, notwithstanding, that the cost of things does
not rely upon their mechanical obsession in the market, however who is
purchaser, and who offers, in that market. Things are worth or cost not as
indicated by financial laws, but rather as per the standard communicated in the
danger: "You'll see what's justified regardless of a brush!" A brush
is useless: a couple of pennies in the market. In any case, that depends. The
outside obligation of the Third World nations and the outer obligation of the
United States, for instance, which can each be assessed in dollars and have
measurements of practically identical greatness - one trillion, one; A fourth
of a billion, the other - , are not homologable. Everybody concurs that the
obligation of the Third World - which can not be paid - must be gathered, and
furthermore that it would be a dream to attempt to gather the obligation of the
United States - that they can.
Which brings us back - as it were - to the aridities of
significant worth hypothesis in financial science and to the old fight amongst
objectivists and subjectivists. The previous contend that something is wanted
in light of the fact that it has esteem. The seconds, that something has esteem
since it is needed.
In any case, here and there it happens that something is
unreasonably craved, fancied out of all extent. Financial antiquarians are as
yet slanted, retained, to the secret of the purported "tulip
franticness," which in the seventeenth century demolished Europe's most effective
exchanging houses by a blow, and all of a sudden purchased an ever increasing
number of Dutch tulips with a similar craze with which the lemmings of Norway
are tossed into the ocean when the suicide season arrives. We are presently
seeing a comparable franticness, which to pay tribute to the 13,250 million
pesos of the canvas of Van Gogh could be known as the "frenzy of the
lilies": it is the ferocity of the theory, that spreads from the market of
the workmanship to the one of the Camels, going through the most common
securities recorded on the stock trade. All esteems - aside from, obviously,
the good - are exaggerated; And exaggerated because of a theoretical wave that
has considerably more to do with the delusion of subjectivists than with the estimation
of objectivists.
The instance of "The Lilies" by Van Gogh
represents splendidly. Workmanship vendors clarify the value blast with the
contention that it is "long haul venture." But there is nothing whose
long terms are shorter than creative tastes. On the off chance that "The
lilies" sold at 13.250 million pesos is on account of, last March, only 8
months back, the depiction "The Sunflowers", by Van Gogh himself, at
a Christie's bartering house sold a cost - additionally Record around then - of
10 billion, and that constrained the proprietor of "Los lírios", the
gatherer John Whitney Payson, to put them on special: the radical change of
protection costs incited by the offer of "The sunflowers "Made
Whitney no longer ready to keep" The Lilies "holding tight the mass
of his home. What's more, "The Sunflowers", suppose, were purchased
by a Japanese insurance agency. Theory is something that nibbles the tail.
What's more, it is obliged to keep it immovably nibble,
without opening the mouth or to inhale, in light of the fact that it is mounted
on an oddity: the trust in the lie. When it comes up short - in an entrance of
clarity - , the main street that opens is that of the Madrid financial
specialist, who, destroyed in the Stock Exchange, played his remaining parts in
the Lotus: the branch of one above in the Casa de Campo. -
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