nybooks.com/articles/archives/2015/apr/02/new-york-conspicuous-construction

The stratospheric amounts now at stake in newly built Manhattan buildings perhaps can be best understood by comparison with today’s contemporary art market, where multimillion-dollar paintings and sculptures have become favored instruments in the global transfer of vast and largely unregulated sums. The more expensive the object, the more money can be shifted internationally in one transaction.


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