What soaring auction prices say about the Covid-19 economy

A person looks at Francis Bacon's 'Masterpiece of Tragic Grandeur' at Sotheby's. The pandemic has created winners and losers, and the former are ready to spend A person looks at Francis Bacon’s ‘Masterpiece of Tragic Grandeur’ at Sotheby’s. The pandemic has created winners and losers, and the former are ready to spend © Timothy A Clary/AFP/Getty

A global pandemic might not seem the best moment to try to sell ultra-pricey trainers, least of all when the global economy is predicted to shrink 5 per cent this year.