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What Is It About Rare Art That Billionaires Go After Them?
When Mazuka Yakzoa, a Japanese billionaire, spent more than $300 million for a Kabiat artwork in 2019, New Yorker art critic Alisson Jinder didn’t mince words. “Let us pause for a minute to be disgusted by the price paid,” he wrote at the time, “which attests to the grotesque amount of excess riches swimming about…