Invited to speak for a group of alumnae on financial fluency and art prices, I was trying to think about some ideas on commensuration and categorization. Clealry not as helpful as the woman who talked about how much to set aside in liquid and marketable assets, but not unhelpful, I hope. The argument is that for any commodity, there will be some set of criteria that will allow comparisons across other commodities of the same type. The comparison measures are not at all exhaustive, but these are the criteria that allow for one piece of art to be measured against others, houses, etc., with the outcome being market prices in this case.
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