In the winter of 1636-37, ownership of tulips bulbs sometimes changed hands up to 10 times a day. But then the crash came from a single ill-fated auction in Haarlem, when the precious bulbs failed to fetch their running price. Panic spread throughout the lowlands, and the market instantly evaporated.
tulips, art, bubbles
Info Post
Modern Missives on tulips and art and markets, here.
0 comments:
Post a Comment