TIL of the Greater Fool Theory, which states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants.

You get that this is totally selfish, ill-conceived thinking, right?

Sorry if that comes off as pretentious, but so does your internet posturing about modern or abstract art being something a five-year-old could do.

People spend their whole lives devoted to the study of abstractionism, and modernity, and artistic expression, and they've all pooled their collective thoughts and ideas obtained through years of study and deep, focused thinking, and decided that these artists and their pieces (de Kooning's 'Interchange' being a perfect example) are beautiful, and thoughtful, and meaningful, but you don't like looking at it, so it's not worthwhile? You personally don't get the appeal, so it doesn't require talent? And you're the authority on that because you like Starry Night? I'm sorry, but that's infuriating and backwards thinking.

/r/todayilearned Thread Parent Link - en.wikipedia.org