October 3, 2011
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Just because top incomes in the arts exceed those in other professions does not mean that the average income of artists is also higher. On the contrary, evidence indicates that the average income among artists is lower than in comparable … Continue reading
September 29, 2011
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When the government and donors bridge this gap between aesthetic and market value, the correspondence between these values increases. And as the conflict between modern and contemporary visual art groups gradually disappears, the correspondence between aesthetic value and market value … Continue reading
September 26, 2011
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Why do the contemporary visual art experts have more cultural authority than the modern (traditional) visual art experts? Apparently the avant-garde’s cultural capital is more valuable than the traditionalists. The avant-garde experts belong to the so-called ‘new cultural elite’, which … Continue reading
September 26, 2011
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The visual art market is a deep-pocket market. It offers a good opportunity for us to discuss the possible deviations between aesthetic and market value. In numerous countries over the last decades, a divergence between market and aesthetic value has … Continue reading
September 26, 2011
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Why does the art that experts judge as inferior often sell so well in mass markets? In fact, it sells better than ‘quality art’. This is a common phenomenon in the mass markets of books, cds, films, and videos. For … Continue reading