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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Who determines aesthetic value and market value? In discussing the controversy regarding the relationship between aesthetic and market values, it might be helpful to try to answer this question first. Who determines market value? As previously noted, in standard economics, … Continue reading
September 21, 2011
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Before embarking on a discussion of the relationship between aesthetic and economic value, the meanings of these terms should be clarified. Aesthetic value is what experts call aesthetic value. The experts include artists, critics, mediators, and consumers with authority in … Continue reading
September 2, 2011
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A work of art and its maker are said to be authentic. In a formal sense, they are authentic if the artist in question is the only one who could have made the particular work of art. A unique fingerprint … Continue reading