The Value of Art

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The Econ Diaries


An original Van Gough drapes over the wall of a local coffee shop, the neighborhood hair salon.  Yet customers don’t notice it’s monetary value but rather the aesthetic one it gives to each individual.  Over the years however, the purchasing of art has cascaded towards profit rather than enjoyment. In many places, art is bought as a return on investment rather than a purchase that adds culture and value to the life of the buyer. The question at hand then becomes: Who’s justified? The owner who invests for personal experience or the investor who plans to profit from his expenditure? I don’t believe there is a right answer. Whether buying for profit or buying for pleasure, people contribute to the art community by purchasing art that expresses their individual taste. This, in return, reinforces the shapes, colors and taste that add to the excitement that comes with an appreciation of…

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This entry was published on February 13, 2014 at 9:21 pm and is filed under Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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