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From crypto to Covid: Why auction prices are rocketing

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Relaxnews

From Albert Einstein’s notes to a record-breaking Frida Kahlo to a 6.6-million-euro triceratops — auction houses have lately seen a string of record-breaking items going under the hammer and through the roof. Valuations are becoming hard to judge. On Wednesday, the Einstein manuscript went for 11.3 million euros ($13 million) in Paris, five times its expected price. That came just days after a storyboard for the failed 1970s film version of “Dune” sparked a bidding war that pushed the price 100 times above the valuation to 2.7 million euros. Market watcher Artprice credits a transition to onl…

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