Instead of locking their collectibles in a vault, the wealthy are enjoying them.
In the 1600s, the Dutch went crazy for tulip bulbs. In the book “History of Greed,” David E. Y. Sarna calls the scandal the “first well-documented securities manipulation fraud.” For two years, the Netherlands experienced a boom and bust in the tulip bulb market. The bust came in 1637. At its heyday, people bet their