Why is modern art so expensive? - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Why is modern art so expensive?

Modern art is a wide field, covering everything from around 1870 to 1970. But say "modern art" to someone on the street, and chances are they possibly picture something like this.

In a 2016 study of the British public, 28% of people don't consider this art. 65% of people don't think this is art. And 83% of the public definitely don't consider this to be art. Over 100 years after its creation, the work is still somehow as divisive and controversial as ever with the public, but that hasn't stopped record prices being set.I think most people think that modern or contemporary artists are having a laugh at their expense, and nobody wants to feel a fool.

The works aren't just made for profit. It's often only after the artist is dead that the art can fetch the incredible price that it's reached today. In 2008, one of Malevich's abstract works sold for $60 million, and the demand for these important modern works is only going to increase.The natural trend is for you to see a rise in prices, but that's because it's, these true masterpieces are rare to find because they're really all in museums.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cause they need something for cleaning the dirty money...

give me money i will tell u

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why anti-aging products are so expensive - Business InsiderAnti-aging products claim to make you look younger by reducing, or hiding the signs of aging. But skin experts say they aren’t guaranteed to work. la pot du mer c'est ridiculous la. j'aime darphin moi memes. i haven't used any product faithfully, but between using products sometimes, and simply using a quality bodywash, most people think i'm 24yo when i'm actually 40yo. so i'm definitely pro quality products. i get id'ed when i try to buy lotto tickets. Argan oil is the best
Source: BusinessInsider - 🏆 729. / 51 Read more »