http://www.youtube.com/watch?v=jUh_NSpiTsY
"so much of art...not all of it thank god, but a lot of it...has just become a kind of cruddy game for the self agrandisement of the rich and the ignorant...it is a kind of bad but useful business. Robert Hughes, art critic, 2008. Harry On Thu, Oct 11, 2012 at 4:08 AM, Alain Sepeda <alain.sep...@gmail.com> wrote: > A friend of mine is son of a gallery owners and painter. > He explain me the market of art, and it is like a pathologic market. > > Art piece have no intrinsic value, and the job of a gallery owners is to > never sell below a given guaranteed growing price. > The reason why van gogh art is so expensive is not about his talent but > because the heir was a very competent gallery owner. > Of course there are fashion that pollute that security market, leading to > bubbles and collapse, but gallery owners try to avoid that. Artist are > appreciated if they produce stable style, quality and volume of art piece. > Art is a very pure and lightweight virtual financial market, very > interesting to escape taxes and for money laundry. It seems used for weapon > traffic like diamonds, because of high money density and potential to grow > without effort. > > of course working in IT finance, not in art, my opinion is biased. > > 2012/10/11 David Roberson <dlrober...@aol.com> >> >> Quoting Clark: >> >> > Works of art would be cherished because they were >> > beautiful, not because they were rare. >> >> >> >> It is my opinion that works of art are mainly valuable because the >> purchasers believe that they will find someone else that will pay much more >> for the art piece in the future. In many cases, the signature on the art is >> what counts. This has always bothered me since the lack of intrinsic value >> leads me to believe that one day someone will be holding an empty bag. >> >> Look at the insane protection being afforded precious gems if you want to >> observe a ridiculous situation. I purchased a couple of synthetic rubies >> for my wife that would be worth a king's ransom if natural. The gem >> industry goes to extreme length to make us believe that the natural ones are >> special when we all know that they are of much lower quality than man made >> ones. >> >> Dave >> >
