Not at all: to have a "market" you need buyers, sellers and goods to be fungible.
In your example buyers and sellers are only 0.000001% of humanity: other people cannot afford to play this game.
Also the goods are unique. Brand new paintings would not be sold by the author him/herself at that price 99% of the time. They skyrocket in value only when sold between billionaires.
Not at all: to have a "market" you need buyers, sellers and goods to be fungible.
In your example buyers and sellers are only 0.000001% of humanity: other people cannot afford to play this game.
Also the goods are unique. Brand new paintings would not be sold by the author him/herself at that price 99% of the time. They skyrocket in value only when sold between billionaires.
https://en.wikipedia.org/wiki/Market_(economics)