Why Is Art So Expensive
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Date: 2024-09-06
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Comments and reviews: 15
Petch85
Honestly I think you were way too nice with this one.
Why do people invest in art where do they store it what is the alternative
This video make it sound like selling a multi milion $ painting is just like baying a 500$ painting yourself.
Also maybe talk about grading systems that have trickled down to things like video games (in a box, paper cards and have inspired footboxes and skin markets in game played by kids.
The insanity that is the art market have been normalized and we cannot even taste the poison in the water that we are swimming in.
I liked that you included stolen art though.
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Honestly I think you were way too nice with this one.
Why do people invest in art where do they store it what is the alternative
This video make it sound like selling a multi milion $ painting is just like baying a 500$ painting yourself.
Also maybe talk about grading systems that have trickled down to things like video games (in a box, paper cards and have inspired footboxes and skin markets in game played by kids.
The insanity that is the art market have been normalized and we cannot even taste the poison in the water that we are swimming in.
I liked that you included stolen art though.
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hierophrantic
It's a little odd (though perhaps it's saved for a future episode) that there's no mention here of modern patronage and commissioning. People absolutely still pay artists directly for work, and not just big moneybags looking to show off to their rich friends - I know artists and people who commission them for works in the tens to hundreds of dollars based around fandoms, hobbies, politics, humour, and simple aesthetics. Patreon has people creating art for free (at the point of release) and making a living from people who pay them to keep doing it.
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It's a little odd (though perhaps it's saved for a future episode) that there's no mention here of modern patronage and commissioning. People absolutely still pay artists directly for work, and not just big moneybags looking to show off to their rich friends - I know artists and people who commission them for works in the tens to hundreds of dollars based around fandoms, hobbies, politics, humour, and simple aesthetics. Patreon has people creating art for free (at the point of release) and making a living from people who pay them to keep doing it.
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visualartsbyjr2464
This was a contentious subject in my arts BA classes. How a vast majority of living artists get hosed (have to be dead, be well off already, or part of the literal 1% of artists that are deemed worthy in the art community. I’ve gotten ripped off and near arguments when selling my own pieces due to pricing. Like how dare I have anything near living wage to sell something I spent 30 hours on, let alone some extra I can set aside for savings as well.
Props for making and posting, but this subject makes my blood boil.
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This was a contentious subject in my arts BA classes. How a vast majority of living artists get hosed (have to be dead, be well off already, or part of the literal 1% of artists that are deemed worthy in the art community. I’ve gotten ripped off and near arguments when selling my own pieces due to pricing. Like how dare I have anything near living wage to sell something I spent 30 hours on, let alone some extra I can set aside for savings as well.
Props for making and posting, but this subject makes my blood boil.
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CiaoRooster
It seems to me that if Banksy was railing against the art market, he was not only ineffective but naive.
More likely, his commentary seems to me a if-you-can’t-beat-em-join-em paean.
The destroyed piece still has composition. It is transformation transfixed.
If he had truly meant to stick it to the establishment, the work would be completely destroyed, if not to ashes, then at least with vertical AND horizontal cuts, leaving a pile of tiny scraps on the floor.
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It seems to me that if Banksy was railing against the art market, he was not only ineffective but naive.
More likely, his commentary seems to me a if-you-can’t-beat-em-join-em paean.
The destroyed piece still has composition. It is transformation transfixed.
If he had truly meant to stick it to the establishment, the work would be completely destroyed, if not to ashes, then at least with vertical AND horizontal cuts, leaving a pile of tiny scraps on the floor.
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RedwoodGeorge
Through pure dumb luck, I found myself at the Tate Modern when they had their Giacometti exhibition. It was an enlightening experience to be able to look at those sculptures up close - to see how his thumbs shaped the clay model - but there were moments where I was acutely aware that the collection of sculptures was valued at well over a billion dollars, which was awe-inspiring in another, somewhat confusing way.
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Through pure dumb luck, I found myself at the Tate Modern when they had their Giacometti exhibition. It was an enlightening experience to be able to look at those sculptures up close - to see how his thumbs shaped the clay model - but there were moments where I was acutely aware that the collection of sculptures was valued at well over a billion dollars, which was awe-inspiring in another, somewhat confusing way.
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kueifengtung
I dont understand why banksy's piece ended up shreded. Since it's been sold to someone else, can't the new owner say they DONT want it shredded In that case, is the museum to oblige the new owner or follow the artist's instructions Or is it a surprise to everyone except the artist when the shredding happened In that case, is the artist going to jail for damages
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I dont understand why banksy's piece ended up shreded. Since it's been sold to someone else, can't the new owner say they DONT want it shredded In that case, is the museum to oblige the new owner or follow the artist's instructions Or is it a surprise to everyone except the artist when the shredding happened In that case, is the artist going to jail for damages
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ArtichokeHunter
i feel like if banksy wanted to make a work that actually self-destructs, and thus someone has paid millions of dollars for nothing, he could. instead, he made art that transforms, that isn't the same as what the buyer say when buying, but which continues to exist and grow in values (or shrink)
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i feel like if banksy wanted to make a work that actually self-destructs, and thus someone has paid millions of dollars for nothing, he could. instead, he made art that transforms, that isn't the same as what the buyer say when buying, but which continues to exist and grow in values (or shrink)
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TJtheBee
Don’t forget! If you want to support the actual art market, buy from small local creators! There is so much good art out there that is affordable, and doesn’t run in this same whacky manner as the auction house. Plus many of us artists would love to be commissioned and make some new work!
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Don’t forget! If you want to support the actual art market, buy from small local creators! There is so much good art out there that is affordable, and doesn’t run in this same whacky manner as the auction house. Plus many of us artists would love to be commissioned and make some new work!
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lopiid
Why is there no mention of the new availability of paint I learned that paint was a deeply held secret that apprentices spent years learning how to make and perfect, but new manufacturing and new ways of making paint made it far cheaper and available to artists without financial benefactors.
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Why is there no mention of the new availability of paint I learned that paint was a deeply held secret that apprentices spent years learning how to make and perfect, but new manufacturing and new ways of making paint made it far cheaper and available to artists without financial benefactors.
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scottymcm
I would say the Art market benefits the wealthy and powerful. The people put value to art for a number of reasons but the consequence of us doing that is that the folks the need it the least want it more. At least that is how it feels a lot of the time.
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I would say the Art market benefits the wealthy and powerful. The people put value to art for a number of reasons but the consequence of us doing that is that the folks the need it the least want it more. At least that is how it feels a lot of the time.
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lhfirex
It seems like art sales should at least involve a percentage of sales fees for the artist, so all of that resale industry still has to pay credit to whoever made it in the first place.
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It seems like art sales should at least involve a percentage of sales fees for the artist, so all of that resale industry still has to pay credit to whoever made it in the first place.
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sonicgoo1121
Maybe the prices on the art market don't so much reflect the value of the art, but the value of the money. And how unequal the distribution of that money is around the world.
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Maybe the prices on the art market don't so much reflect the value of the art, but the value of the money. And how unequal the distribution of that money is around the world.
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joshualajoie9547
Except the highest end of the fine art market is just a way for the ultra rich to launder enough money to avoid paying any taxes through museum donations.
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Except the highest end of the fine art market is just a way for the ultra rich to launder enough money to avoid paying any taxes through museum donations.
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crash_course
I don't agree. Some time ago, I bought art from contemporary artists that I enjoy to this day.
I spent a few hundred for each.
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I don't agree. Some time ago, I bought art from contemporary artists that I enjoy to this day.
I spent a few hundred for each.
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Alex-js5lg
It's infuriating that people will spend $73, 000, 000 on a painting when that money could change the lives of thousands of people.
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It's infuriating that people will spend $73, 000, 000 on a painting when that money could change the lives of thousands of people.
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