Originally Posted by mineistaken

My point is very simple - that painting is not worth no where 46 million because no level of skill is required to make it. Any art school pupil/student could do that. I am being generous because I could say that not art students could do that as well.
So maybe hundreds, maybe thousands, ok staggering 100K. But nowhere close 46 mill.
This is a fact.
Stupidity is endless though and when you get few people to believe that it is worth 46mil you get it sold for that. Does not change the fact it is not worth that much.
And no, not everything in existence is overvalued. Far from it. 99% of goods are valued correctly. Take a look around your room and you would see that every item is priced correctly, maybe extra for brand names etc, but nowhere close to over valuation of that painting.