Potentially, the labor and skill involved in the production. While speculation does play a part, so does the rarity, difficulty of production, & skill needed in the creation of the art. You may argue whether that justifies the price, but at least there is labor and material evidence, while stocks and property don’t necessarily need any real evidence of value to be valued, especially in our current economic climate.

My fear is Biden drops dead but Trump doesn’t. It’s the main reason I want an younger candidate. Like if Trump died no prob, if both died, or just Biden dies it presents a dangerous opportunity for Republicans to grab power. Theses guys are really old and can drop dead any day and we don’t need the unnecessary risk.