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Adjusted price (in millions US) Original price (in millions US) Sculpture Image Artist Year Date of sale Seller Buyer Auction house Refs $181.6 $141.3 L'Homme au doigt: Alberto Giacometti: 1947 11 May 2015: Sheldon Solow: Private collection: Christie's, New York [12] $145.7 $104.3 L'Homme qui marche I: Alberto Giacometti: 1961 3 February 2010 ...
The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 16th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly ...
In 1910 Arthur Roussel was hired to build a machine that would enable the public to view a film inside their home. Pathé Frères introduced a 28 mm film size for home use. 28 mm diacetate film was preferable for non-professional use because it was not flammable like 35 mm film with a nitrate base, and usage of the 28 mm film also gave Pathé Frères exclusivity, by way of patents. [2]
The European Renaissance (about 1420–1630) is an important transition period beginning between the Late Middle Ages and Early Modern Times, which started in Italy. " Postmodernism ", coined 1949, on the other hand, would describe rather a movement in art than a period of history, and is usually applied to arts, but not to any events of the ...
In the 14th century, just as the Italian Renaissance was beginning, Italy was the economic capital of Western Europe: the Italian States were the top manufacturers of finished woolen products. However, with the Black Death in 1348, the birth of the English woolen industry and general warfare, Italy temporarily lost its economic advantage.
Since at least the early 1980s, the price of a stamp has closely followed the consumer price index. The large jumps in the early 1900s are because a change by a single penny was significant compared to the cost of the stamp. For example, the price increase from $0.02 to $0.03 on July 6, 1932, was a 50% increase in cost.
Veblen goods such as luxury cars are considered desirable consumer products for conspicuous consumption because of, rather than despite, their high prices.. A Veblen good is a type of luxury good, named after American economist Thorstein Veblen, for which the demand increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve.
This sale tripled the previous record, and introduced a new era in top art sales. Before this, the highest absolute price paid for a painting was £8.1 million (£22.9 million in 2023 currency) paid by the J. Paul Getty Museum for Andrea Mantegna's Adoration of the Magi at Christie's in London on 18 April 1985. [5]