Art economics
Art economics is driven by bureaucracy and popular culture. Purchasing art is not an easy game. As a consumer involved in this tricky ordeal, you want to get the best return on your investment while buying something that is aesthetically pleasing to you. The more famous the artist, the more expensive his/her art is. If the work is being sold through a dealer, the cost goes up; likewise if it’s on display in an elite museum or in great demand. The value of art isn’t necessarily driven by the national economy, rather it is determined by popular trends and tastes – galleries and dealers help to promote and direct these trends as well as pricing. Buying directly from the artist would seem most economical for the consumer but could limit exposure and potential sales for the artist with no place to display his/her work.
wolff
