what goes up can always go down
February 8, 2012 4:55 PM Subscribe
Felix Salmon muses on why art prices keep rising.
On the way, he discusses why some art becomes super-popular:
"Fine art has become the billionaire’s-club equivalent of a Louis Vuitton bag, slathered in logos. It’s not connoisseurship which drives values, so much as recognizability. Which in turn helps to explain why the most prolific artists (Picasso, Warhol, Hirst) are also the most expensive: the more of their work there is, the more exposed to it people become, the more they’ll recognize it, and therefore the more desirable it is."
posted by benbenson (23 comments total)
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