The last time money left the art world, intrepid types maxed out their credit cards and opened galleries, and a few of them have become the best in the world.
Sentiment: POSITIVE
I'm not such an artist type that I can't handle the real world. I read the financial pages, because most people don't talk about art.
Art collecting has traditionally been the domain of wealthy individuals in search of rewards beyond the purely financial.
Art is for the elite because it has a very high price-point of entry. And when one is in that social strata, they look down at illustrators because they just draw things directly for a few hundred dollars, and that's seen as being a bit grubby. Galleries allow artists to stay relatively divorced from the financial aspects of their trade.
Artists need a lot of collectors, all kinds of collectors, buying their art.
Many young artists, they look at the art world and think they can make a lot of money.
The art market is global now, and there's becoming more of an international consensus about what constitutes good art.
As an artist, you are aware there is this strange money market out there, but you have no sense of how it works.
Art is often valuable precisely because it isn't a sensible way to make money.
Art is like a stock with a decent return for people in finance, and they get to feel like they are involved with culture, spend time with artists, as part of their dividend.
The real problem with the art world is not the money men scavenging in its wake - they've always been there - but the pirates who've taken over the ship. I am thinking, of course, of that awful art world species: the curator.
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