Modern Art - Is it worth it?

I recently watched a program that said that current Modern Art went up in value because who it's patron was.


Does this mean that we attach value to a work of art because only the richest and most pretentious of our society can afford it?


Are very rich art collectors fools that enjoy being fooled?

Modern Art - Is it worth it?
Well said.


I detest Art for the masses.....
Reply:An artificial market was created for 'Entarte Kunst' (the degenarate art of Jews) by the CIA after WWII to demonstrate that they were valued in the free Western world while the Soviets consigned theirs to the Gulags.
Reply:Art without craft is a useless self indulgence.


Some of these buffoons with (a lot) more money than sense will probably never realise that they are fools because the whole pretentious, self serving, "culture" merry-go-round is self reinforcing.


Because these idiots use art as status symbols, they want to pay as much as possible to maintain its exclusivity. Those high prices mean it is never subjected to real market testing.


99% of it would be rejected if it was, and therefore its status would be zero.


My very best personal experience of modern art was when I visited the Festival hall for a concert. They have a space which is used for exhibitions.


A very clever (con) artist had convinced them it would be a wonderful piece of artistic endeavour to...wait for it...


Leave it empty!


They even had a small printed handout explaining the "art work".


It was the best laugh I have had for years. "The Emperor's New Clothes" made flesh. Slightly less amusing when you realise as a taxpayer you may be paying for this nonsense. But if you are short of cash, pop down and see the curator of art at the Festival Hall. Tell him any old rubbish, call it art and take the money.
Reply:My take on it is that there is no 'we' and that art is art is art - doesn't matter who does what where or why.





Economics are economics are economics and the same non rules apply but there is no direct relationship between art and economics.





Rich art collectors aren't being fooled because they are making an investment and have the money to protect that investment.


Most of it is warehoused any way.





I don't attach any value to any art unless I personally love it or love the story of it whatever.


I love lots of artwork.





Think about the music industry and it all starts to make sense - just because a band is hyped doesn't necessarily mean that it is bad music
Reply:LOL...love this question!


I could say, of course art value is based upon its patrons. During the Renaissance (yes, i know it has nothing to do with modern art, but bear with me) patrons like the Medici are the ones who made, or broke, an aspiring artist. In our world, its the same, though you have to also throw the "critics" in the mix.


Art, as in an original work that has been taken for sale by a gallery, is the province of the wealthy, in most cases. The common "Joe" can't afford to lay down the money it takes to purchase a piece like this.


And yes, in a way it does mean "that we attach value to a work of art because only the richest and most pretentious of our society can afford it".....it also means that unless these same pretentious people are duped into thinking that a canvas, sculpture, etc is a "work of art" the common man wouldn't ever know the artists name.


Art has become a business.


Sorry, I know there are hundreds of artists out there...and they're all gonna scream at me...but, please remember,,,,this is only my opinion.
Reply:As I see it, to have a good patron is the same as to have a good manager for the pop singer. And a good manager cannot spend his time on people not very outstanding. So a talented artist more luckily will find a good patron.


Just there always were good artists and not very good ones. And there always were people who anderstand art and who want to understand. And the most interesting thing that nobody will say for sure if he is right or wrong, because many artist always were ahead the time. Nobody whants to be old fashioned.
Reply:well, if you think about it,, it has never just been modern art. Not one artist, other than those whose patrons were high in society, were praised for their work in art history during their time. it was only through the influence of high ranking patrons, that the art was finally appreciated. it was almost always that the artist was appreciated after their death. we have always been fooled my friend.
Reply:yes. you r totally right.
Reply:Nowadays its not only individuals who buy art but galleries and museums as well.





The art market is very complicated and its not just the price of the piece but politics and other matters. Governments and large corporations buy up art at a steady pace.





Open those peepers, you are the one being fooled.

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