I'd read the most facinating article on art investment in this month's Prospect Magazine: The Price of Art.
...in (modern) society people trade in cultural capital in a manner analogous to the trade in goods. [...] We acquire cultural items - a trendy wardrobe, a collection of great CDs - to make ourselves more valuable...
Well, investing in my own art is certainly something I hope can happen in the future. Cupido is absolutely contemptuous of paintings by artists he believes have yet to acquire definitive skill in the discipline. It was impossible for me to convince him that it wasn’t technical finesse but rather the appeal a piece of art had on it’s audience that mattered. Art write ups are not necessarily all the time the truth of the artist’s intent, especially when it’s something as simple as ‘because I felt like it’ basically because the price of art increases when people relate to it on a philosophical level.
xoxox
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