October 25, 2011
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Self-deceit often goes hand-in-hand with misinformation. For instance, it is a popular belief among artists that ‘doing art is a learning process without end’, meaning that those who persevere will in out in the end. This kind of ‘information’ encourages … Continue reading
October 25, 2011
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If average artists would have an above average inclination to take risks, the big prizes in the winner-takes-all art market make the arts even more attractive. Even more youngsters enter the art world and consequently the average income is lower … Continue reading
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 21, 2011
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There is no reward for good art in the market. And it’s not just artists and art lovers who go around saying this. The notion that artistic quality does not ‘pay’ permeates every level of society. The cleaning woman and … Continue reading
September 19, 2011
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How can artists and intermediaries who deny the economy make a living? Some evidently do. Anti-market behavior can be profitable. Sometimes, the more anti-commercial artists and intermediaries present themselves, the higher their status and incomes are. Such a-commercial attitudes don’t … Continue reading