These days newish art can be priced between $10 000 and $25 000. When I tell artists that a new painting by a newish artist should go for around $1 200 they look at me like I'm a flesh-eating virus.
Not to say people shouldn't get rich from art. I adore the alchemy wherein artists who cast a complex spell make rich people give them their money. (Just writing it makes me cackle.) But too many artists have been making money without magic.
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In art scandal is a false narrative a smoke screen that camouflages rather than reveals. When we don't know what we're seeing we overreact.