Modern Art As Commodity

a: Modern art ~
b: Commodity

What: "Art has become a speculative commodity, where the "value" is determined almost exclusively by the signature. In fact, it's really a currency, not a commodity, just like paper money which has no intrinsic value except the signature." Or maybe,like currency, the value of an art piece is based on the faith and belief of the artist, their patron and perhaps, the purchaser.

Writer: titou
Date: Oct 20 2011 10:41 PM

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