Auctions and the Social Construction of Value
https://www.engadget.com/2015/03/17/ebay-sothebys-online-auctions/
The auction is the most capitalist and I think it is a kind of game that shows the end of purchasing power in the capitalist market. The way to make a lot of people compete for one thing seems to be the one who wants the most, but in the end it is close to a psychological fight like a poker-like card game. Depending on who is betting more chips, the owner of the item will be discarded, and the winner will be the person who can spend the most money on the board rather than the person who wants the item most. Though a lot of thoughts can come to this, I am not that friendly about the auction.
Because of the nature of the auction, the person who gets the item for the game becomes the winner, and the auction game for the scarce goods does not have even the qualification of the general person. According to capitalism, scarcity is an inevitable reality that calls for a rise in value, but it is an unusual price that can only lead to a disagreement with the artwork on the assumption of general income. In other words, this phenomenon is likely to enhance the elitist aspects of society.
Prices for art and other commodities that rise sharply from the opening price rise to prices that ordinary workers can not afford even if they earn a lifetime. How can you think positively about an auction for a civilian in this situation?
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