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The Economics of Everyday Things

102. “The Starry Night”

The Economics of Everyday Things

Freakonomics Network

Business

4.81.6K Ratings

🗓️ 11 August 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

How does a museum place a value on a priceless work of art? And how much does it cost to keep it safe? Zachary Crockett appraises the situation.

Transcript

Click on a timestamp to play from that location

0:00.0

Every year, people come from all over the world to visit the Museum of Modern Art in New York City.

0:10.8

It's home to some of the world's most famous works, like Andy Warhol's Campbell's soup cans and Marcel Duchamp's bicycle wheel sculpture.

0:19.3

But you'll probably find the biggest crowds gathered around an oil painting on the fifth

0:24.3

floor.

0:25.4

It was created in the south of France in the summer of 1889.

0:31.2

So Starry Night is a unicorn.

0:33.5

It's an extraordinary painting by an extraordinary artist that kind of escapes the force

0:39.4

field of any normal description.

0:43.2

That's Glenn Lowry.

0:45.3

Vincent Van Gogh's painting The Starry Knight is in his care.

0:49.7

I'm the director of the Museum of Modern Art.

0:52.9

You can probably conjure an image of the starry night in your mind.

0:57.0

Maybe you've seen it on a t-shirt, a poster, or an umbrella.

1:01.1

Or maybe you've stood in front of it at the Museum of Modern Art, better known as MoMA.

1:06.6

It depicts a starry night with a glowing yellowish-gold moon off in the upper right,

1:15.0

swirling blue-white clouds in the background, a tall twisting cypress tree in the lower-left foreground,

1:25.5

and a village in the distance.

1:29.4

Van Gogh painted the landscape when he was hospitalized in an asylum in France.

1:34.1

If you know one thing about Van Gogh, it's probably that he struggled with his mental health.

1:39.3

He cut off part of his left year the year before he made this painting, and he killed himself the year after.

1:45.0

There's something about the turbulence of the way the paint is applied in concentric circles and swooping lines.

1:55.8

There's something about the way that cypress tree vibrates or the warm glow of the moon, it is an image you can't

...

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