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Fuck the bougie art dealer BS dying ember of Western imperialist capitalism. Eat the rich.
Most art now days I believe is bought to launder money. They're willing to pay top dollar, in fact over the dollar, to clean their illicit funds. This inherently pushes up the 'value' of said art. Where people are willing to pay millions for a watch or a painting because they can later sell it.
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Not most art. The top end of it perhaps. Meanwhile there’s a very fragile infrastructure of mid range galleries and artists whose works don’t fall into the investment driven, guaranteed income, secondary market end of things. Lockdown has brought about a massive democratisation of things with artists selling their own works direct at very low prices (see the #artistsupportpledge for example).
Most gallerists worth their salt show a direct interest in the ‘collector’s’ relationships with the work they’re buying and would advise against buying anything for investment without having a creative interest in the work / artist themselves.
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Most art now days I believe is bought to launder money. They're willing to pay top dollar, in fact over the dollar, to clean their illicit funds. This inherently pushes up the 'value' of said art. Where people are willing to pay millions for a watch or a painting because they can later sell it.
Watch thread
This is a good thing, they commission art and pay artists. Someone can have something nice in their place that doesn't cost £30K or whatever. Fuck the bougie art dealer BS dying ember of Western imperialist capitalism. Eat the rich.