The Rich and Their Paintings

Why do the rich bid so much on paintings? Some of these paintings go for millions for dollars but don’t even look like they should cost that much. Yes, we have to give credit to the people who make these paintings and the hard that goes into making them but the prices that they go for are at times outrageous.

Some of these paintings aren’t even good just a blob of red paint yet it goes for at least $50 million, and just to sit in some rich person’s mansion. I agree that people can do what they want with their money, but there are way better things to spend $50 million on.

Most of the money spent on these paintings can be used to help fund research for medical diseases or help fund food for people living under food insecurity. Although some people do this there are a lot of rich people who only care about themselves and objects rather than actually using there money to help other people in the world. They have enough money to help them for several lifetimes if they can spend more than $50million on paintings, then they can spend double to help people in need.

Basquiat's Moment: Record-Shattering $110.5 Million Painting is Most Expensive Ever by an American Artist Sold at Auction - Culture Type

P.C-“Expensive paintings”

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