October 25, 2011
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There are a number of stories in circulation about famous artists who died extremely poor. People tend to remember these stories, because they fit the present mythology of the arts. Nevertheless, the biographies of famous artists from the past are … 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 4, 2011
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Why are incomes in the arts so low? As an artist, I surmised that low incomes in the arts are due to under consumption, people are not interested enough in art. As an economist, however, I pointed out that the … 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 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