Sunday, February 15, 2009
Crisis may curb stupid art prices: sculptor Caro
Reuters: "'Stupid' prices for art could be brought down to earth as the global economic slump forces even the wealthy to tighten their purse-strings, British sculptor Anthony Caro said."
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2 comments:
I think this is one of the few positive results of the recession. The recession, in this case, really makes one examine worth not only artistically but practically. His point is valid that people tend to buy the name over the work, and with prices this high that is no longer a practical "investment" Plus I would love to start seeing high class art that more "common" people can afford and enjoy. Without the money factor pushing people to show off "who they own" art can once again be appreciated for what it really is
I think this is a very good point. Money has become an unreasonably expensive aspect of many kinds of art. The underlying problem here I think is often the number of middle men and profiteers that increase prices without adding value. Hopefully, as money becomes more of an issue for people who patronize various arts, market forces will encourage the arts to thin out a bit.
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