These days, newish art can be priced between $10,000 and $25,000. When I tell artists that a new painting by a newish artist should go for around $1,200, they look at me like I'm a flesh-eating virus.
Sentiment: NEGATIVE
Nowadays you need so much money to be able to launch a new artist, notably in America; you would hardly believe the sums involved.
A painting probably is the most shocking increase in value, from what it costs to make to what you sell it for.
Artists rarely do the same thing over and over again. Art is about the new, doing things in a new way.
There is nothing new in art except talent.
The new job of art is to sit on the wall and get more expensive.
Does any art have a practical value? People love to talk about how expensive a painting is. That's the only way we can talk about paintings in this century.
The price of a work of art has nothing to do with what the work of art is, can do, or is worth on an existential, alchemical level.
A lot of artists are much more concerned about how their work is used and how it's disseminated. That, to artists, is as important as the money, for some people.
In India, nobody really talks about works of art; they always talk about the appreciation of art. You buy this for 3,000 rupees, it'll become 30,000 in two months.
Artists usually don't make all that much money, and they often keep their artistic hobby despite the money rather than due to it.