Artificial Scarcity Two Ways

Listening to the radio and drifting in and out of sleep this morning, I thought I heard somebody say that “destroying stockpiles of ivory will dampen demand” for it. Eh?Apparently, Hong Kong is planning to destroy 28 tons of elephant ivory that it has...

Lies, damned lies, and investment indices

While researching a piece for the Currensee Blog about contemporary art as an alternative investment, I came upon an excellent piece on the Reuters blog from last year with the excellent title, Artnet’s silly indices. In this post, Felix Salmon opines that...