Art History: BVA 312 - 18/09/2019 (Annotation for Essay 1)
The art market is an interesting topic that I am going to talk about in this term's essay. It is interesting to know that art has became a commodity, social status, investment, even money laundering!!
The project presented an obvious methodological conundrum. Unlike gold or oil, art is not a singular commodity. Every piece is unique, and an artist’s oeuvre will always be comprised of works judged to be of a comparatively higher or lower quality.
''Peter Wilson truly internationalized the art market,'' said John L.
https://www.businessinsider.com.au/most-expensive-paintings-ever-sold-including-157-million-nude-modigliani-2018-5?r=US&IR=T
Before writing my essay, it is best to research and evaluated which topic I should specify in when writing.
* the influence of social media in art market.
What We Learned From the 2019 Hiscox Online Art Trade Report
https://www.widewalls.ch/hiscox-online-art-trade-report-2019/
* “Works of art have proved to be the best investment, better than the majority of stocks and shares in the last thirty years.” - Peter Wilson 1966
-Reacting shrewdly to the post-war wave of prosperity, Wilson was determined to bring newly moneyed buyers into the fold. He sought to convince businessmen and bankers that collecting was no longer the exclusive preserve of cultured, old-money dynasties such as the Rothschilds, Rockefellers, or Mellons. Crucially, Wilson wanted to instill the notion that art can be an investment.
Example: the image of impressionist painting especially towards the Japanese.
“Our culture has been schooled to think of works of art as investment commodities,” wrote Robert Hughes in his renowned 1984 essay, “Art & Money.” “The art market we have today did not pop up overnight … I think of it as beginning with a curious enterprise called the Times/Sotheby Art Indexes.” The critic continued:
Perhaps it was the graphs that did it. They gave these tendentious little essays the trustworthy look of the Times financial page. They objectified the hitherto dicey idea of art investment. They made it seem hard-headed and realistic to own art.
The project presented an obvious methodological conundrum. Unlike gold or oil, art is not a singular commodity. Every piece is unique, and an artist’s oeuvre will always be comprised of works judged to be of a comparatively higher or lower quality.
PETER C. WILSON, 71, IS DEAD; HEADED SOTHEBY'S IN LONDON
https://www.nytimes.com/1984/06/05/obituaries/peter-c-wilson-71-is-dead-headed-sotheby-s-in-london.html''Peter Wilson truly internationalized the art market,'' said John L.
A nude painting just sold in New York for a record-breaking $157 million -- here are the 15 most expensive paintings ever sold
https://www.businessinsider.com.au/most-expensive-paintings-ever-sold-including-157-million-nude-modigliani-2018-5?r=US&IR=T
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