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    Paintings - Tulips - By artist Rick Triest

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    Paintings - Tulips  - By artist Rick Triest

    Tulip mania - In the Dutch Golden Age, the prices of the newly introduced tulip bulbs reached extreme heights. In January 1637 tulip bulbs were sold for more than ten times the annual salary of an experienced craftsman, and were worth about as much as an Amsterdam canal house. There was also speculation in options on tulips, which were still in the ground at that time. The tulip mania is seen by economists as the first extensively described bubble (speculation wave) in world history. The term tulip mania is often used as a metaphor for a major economic bubble.

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