Changes in artists’ attitudes may or may not influence the course of the economy of the arts. But societal developments affecting the sacredness of art are bound to affect the economy. The exceptional nature of the economy of the arts … Continue reading →
Artwork and artists have been accorded a special status for a long time. Even prior to the Renaissance, artists were already becoming less and less the anonymous craftsmen; their names and signatures became more and more significant. Since then art … Continue reading →
In choosing a career, people naturally take into account their skills as well as their deficiencies. Consciously or unconsciously, they assess their chances in various careers. And so it should hardly seem amazing that a youngster who early on exhibited … Continue reading →
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 →
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 →