The art market, an interesting documentary.

NJH

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I am still in shock that I could purchase a 400 year old painting of one of our former monarchs for the price of a nice watch or basic secondhand car. That in a market where people are paying tens of millions for almost anything modern made by someone famous is just utterly perverse when you think about it.
 
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RobC

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I was alerted to an ITV Channel 4 program a few weeks ago titled "How the rich get hitched". Weddings for rich people, it featured an artist who I vaguely know who was charging £75,000 for a wedding portrait of the bride. Nice work if you can get it.
 
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RobC

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The most interesting part of the art market documentary for me was the acknowledgement that a lot of modern art being sold for very high prices today will probably be almost worthless tomorrow when the artist becomes unfashionable. Says all you need to know about the people throwing large sums of money at modern art. Clearly they really have precisely no clue about what they're buying and why they're paying the sums of money they do. Nice work for the artists if they can get it but I suspect the gallerries and dealers take the lions share. In London gallerries may be taking 70% and more of sales price.
 

fdonadio

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And, if you get it, won't you tell me how?
 
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RobC

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fdonadio said:
And, if you get it, won't you tell me how?
Click to expand...

The ITV programs no longer available for viewing. I think they are only up for a month. The BBC ones usually only for one week.

EDIT:

Found a third party showing it but you have too navigate your way through all the ads.

Dead Link Removed
 
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RobC

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I wonder if any photographers try and charge that much for a wedding shoot.
 

swanlake1

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There are always going to be rich people in this world. The media likes to shove this fact down your throat. I'm not rich and I say %!#@ the rich!
 
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RobC

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You're far to PC, why don't you tell us what you really think
 

fdonadio

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RobC said:
Found a third party showing it but you have too navigate your way through all the ads.

Dead Link Removed
Click to expand...

RobC, thanks for your efforts in finding the link. Really appreciated!

But I think you didn't get my joke. It has to do with a song made famous by Billie Holliday.
 
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RobC

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It just amazes me what people are willing to spend on "art" that just isn't worth a fraction of what they're paying for it. Of course that's just my opnion and maybe if I had a billion or two to throw around I might do the same but I don't think so. You don't acquire a billion or two by throwing your money around without careful thought.
 
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