08
Jun
10

ARTicle

A topical theme (whether you revel or retch at the thought) is the value of art.  Already a complex issue, not to mention my least favorite thing to discuss as an artist, the value of artwork is made particularly more complicated when the economy is in tailspin, such as its current state.  Idealists would maintain that art is an untouchable, priceless artifact of the culture, and this position was bolstered in May, at Christie’s Auction House, when Picasso’s “Nude, Green Leaves and Bust” had reached $106.5 million upon the gavel’s final rap, blowing expectations out of the water to the sound of around $30 million.  On the other end of the spectrum, cynics would assert, amongst other things, that art sales in this “blue chip” category ($100K up), much like other economic litmus tests of substantial cost, are unrelated to the true economy due to the fact that they’re purchased by established wealth.  OK, so by cynics, I am really talking about myself. Regardless of my minor conspiracy theories, I enjoyed this article in the Times.  It covers the implications of Picasso’s latest auction elephant and its relation to the economy with four, not-so-critical editorials (which seems to be one of the article’s few, though journalistically flawed aspects).  Enjoy!

http://roomfordebate.blogs.nytimes.com/2010/05/23/can-art-be-priceless-in-rocky-times/?ref=design

-Joel Sager

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