Expensive Art Is Expensive: A Blog About Art And Why It Costs What It Does
* I’m a writer/blogger who works in the art world, and I love to communicate with readers about art.
* I want to help you get great art at a good price.
* I love sharing my knowledge of the fine art market with people who are passionate about art.
I do this by:
* Writing articles or blog posts that inform people about the fine art market.
* Writing articles or blog posts that educate people on how they can buy great art at a good price.
* Writing opinion pieces that give my personal view on the fine art market and how it’s changing.
Affordable Art is a blog that aims to help people buy better and more original artwork, while educating them on how to find quality pieces for less money.
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Art is a great investment. That is, if you don’t care about making money, but just want to give your money to an artist and have them create something beautiful, then art is a great investment. If you want to make money, then art would not be the way to do it.
Okay, first of all, why does art cost so much? Well, these days most artists aren’t rich people who can afford to spend their money on art, but rather are struggling individuals trying to earn some cash by creating. So they have to sell their art to collectors who are willing and able to buy it. The collectors are looking for quality and rarity in their artwork, which drives up the price.
Thing is, there are other reasons why artwork is so expensive. Most of them revolve around the fact that artists need to make a living somehow, which means that the more expensive the artwork is, the more artists will get paid for making it. So it’s not just that the quality and rarity of the work makes it more valuable; actually, quality and rarity don’t matter all that much at all! The amount of effort and time and skill involved in creating a piece of art affects its value less than you’d think.
And believe it or
I can’t afford to buy art so I don’t. I’m not alone in that. The wealthy, who are the typical buyers of expensive art, might wish to know why they’re paying so much. The rest of us would like to have the option of buying some nice work if we really like it.
And here’s a place where the rich and poor might both benefit from a little basic economics.
Let’s start with a classic example: Van Gogh’s “Sunflowers.” This painting is so famous that it’s hard to imagine someone not knowing about it. The sunflower paintings were part of a group of works that Van Gogh made in Paris in 1887 and 1888. He didn’t sell them, but he did give one away, and he tried for years to sell the others.
The first went for 300 francs at an auction in 1889. It was sold again in 1901 for 4500 francs (a little over $100 then). In 1907, a third owner paid 24,000 francs (about $800) for it—and then bequeathed it to the state on condition that it never leave France! That was its high-water mark until 1987, when Japonais collector Ryoei S
Dear Sir and/or Madam,
We have received your application for an Art Appreciation course at MassArt. While we appreciate the interest you have shown in our institution and in the general field of art, we regret to inform you that we are not able to offer you a place in our program. We offer this rejection with no hard feelings and wish you luck in your quest for higher education.
We realize that this may be disappointing news, and we would like to take this opportunity to answer some questions you may have. To begin with, it is important to note that the Art Appreciation program is very selective. For example, only one out of three applicants is admitted to Harvard Law School each year, which suggests that a reasonable cutoff for an institution such as ours might be a 3/2 acceptance rate. Last year, however, only 14% of applicants were admitted. This means that if we admitted every applicant, almost four times as many people would come as we could possibly accommodate in our program.
This has several consequences for your application. First of all, it means that if the admissions committee had been able to read your mind, they would probably have accepted you over someone else whose paper application was less impressive than yours (and vice versa). The admissions
The art business is big money. It’s not uncommon for a painting or sculpture to sell for millions of dollars and sometimes the prices can go even higher. We may think, what a waste of money but there are plenty of buyers who are willing to pay that price for a piece of art. There is also an increasing number of people who are becoming interested in collecting art as an investment.
Some people collect art for its beauty, others because they like a particular artist, and others simply because they are collectors and want to acquire a wide range of pieces. But what determines the price? The quality of the piece? That’s partly true but there are other important factors that come into play. Art has been used as collateral on loans by banks and in most cases the artwork is valued at market value which might be one hundred times more than it cost originally.
The reason works of art carry such high values is due to the demand and limited supply factor. There are collectors out there who want to buy expensive pieces of art no matter what so they will pay any amount if they really want it. The artist may have created more pieces but only a few were produced and sold so there aren’t many out there in circulation anymore.
Artwork is also used as collateral for personal