So a case of Chateau Lafite Rothschild has dropped by 25% in the past few months. It’s still too expensive. But that drop is a sign that even the rich are beginning to care about the cost of living. If we see art prices coming off then we’ll know for sure that the fluff is out of the market, even for the wealthy. That would be no bad thing. But it is a sign of feeling the pain.
It is critical that systems change now so that we manage the economic crisis and avert an ecological crisis. We must self manage humanity or the meltdown will be excruciating.