Comments on: Russian art bubble bursts

By: tomflynn0529

tomflynn0529 — Thu, 04 Dec 2008 16:45:04 +0000

This is what people get for purchasing these priceless items and now they are stuck with them. It makes me laugh.

By: scottcraft

scottcraft — Thu, 04 Dec 2008 15:50:47 +0000

This is just a perfect example of how even the ultra rich are taking a hit in this economy and can’t spend as frivolously as before this economic crisis. Even though not being able to buy million dollar pieces of art doesn’t seem like too big of a problem to many of us, this just shows that everybody has been forced to change their spending habits in order to maintain their lifestyle.

By: pierrecarras

pierrecarras — Wed, 03 Dec 2008 23:20:42 +0000

I believe this is a perfect example proving that people all over the world are reducing their spending on materialistic products, and people are focusing on spending their money on necessary items. This brings us back to basic economics as we see people are determining what is a need vs what is a want before spending their money.