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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Is it possible that the powers of the social group that leading experts belong to are different from those of consumers? On average art consumers are part of a social group that has relatively more economic capital (wealth) and income … 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 26, 2011
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Are art lovers correct in saying that aesthetic value is independent of values such as market value and other social values? If the various spheres are indeed independent or non-reciprocal, then there is either no relation between aesthetic and market … 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