You are encountering a phenomena that economists refer to as a Velben good.
"DEFINITION of 'Veblen Good' A good for which demand increases as the price increases, because of its exclusive nature and appeal as a status symbol. A Veblen good, like a Giffen good, has an upward-sloping demand curve, which runs counter to the typical downward-sloping curve."
The painting is worth $44 million because: - there is only and will only ever be one of these paintings - the person who bought it "wins" in the sense that he has demonstrated his wealth and proved his discerning taste - as world wide population grows and aggregate wealth grows, the demand for a fixed supply of art increases, consequently, the next owner can be expected to pony up closer to $50 million. (On the day of that sale, a $44 million art purchase will have been prudent.)
Art in itself is worthless tho ain't it? The value we give to them is just an abstract value we attribute to how much we we'd give of an arbitrary item of worth in exchange for an item. Now if there are retards out there who liked this and paid 44 million well then there you go. It's art.
Yes awesome👌some people just dont understand the true form of art, the feelings that the painter conveyed by painting this masterpiece👍👍 Me:ehem, i could just take a look at the photo and repaint that thing, and he could have payed me a pathetic prize of 50 bucks😂👌 Voila masterpiece done and saved 33,999,950$ Good deal? naaaah
Rich people like that will pay anything for "art" even if its crappy
If you pay more attention everything is clear. Now the line divides the square into two rectangles. If you put an invisible line horizontally in the middle of the canvas you get a plus. Now 2 + 2 = 4. Because there is a line in the middle we get that 4 - 1 = 3. A drawing of 2 dimensional pyramid has 3 corners. This painting has only 1 line. Cyclopes have 1 eye too. If we were to draw a 2 dimensional cyclops with a pyramid instead of it's head we would get a pyramid with an eye in the middle. The money paid for this painting is 44 million dollars. 4/4 = 1. There is a pyramid, with an eye in it, on one dollar. Illuminati has a lot of money. Illuminati confirmed.