đź“š View in PSE Archive
Summary
Jelena Kojic presents updated craziness indicators. Key data: a banana duct-taped to a wall sold at Sotheby’s for $6.2 million (Maurizio Cattelan’s “Comedian”), purchased by crypto entrepreneur Justin Son. Australian/NZ art sales chart shows rising trajectory into 2026. Global art market (European Fine Art Foundation, Art Basel) charts show recent weakness but the superyacht market is picking up strongly. The 1988 superyacht top stands out; 2024 is trending higher. US personal consumption expenditure on jewelry and watches (1988-2024 from FRED) is also examined.
Key Claims
- A banana duct-taped to a wall sold for $6.2 million at Sotheby’s — a craziness indicator. — confidence: high
- The buyer, Justin Son (Tron cryptocurrency), represents peak-cycle speculative excess. — confidence: high
- Superyacht market is picking up strongly as the cycle peaks. — confidence: high
- Jewelry/watch consumption in the US is rising, consistent with late-cycle luxury spending. — confidence: high
- The 1988 superyacht cycle top stands as a historical comparison point. — confidence: high