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So why is Art a special case?  By the same logic, if I sell my car, should the car company get a share of the money?

If I sell a piece of art that someone sells on for an inflated price, then that increases the value of all future pieces of art that I produce, because a market price has been set for my work.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Sun Jun 14th, 2009 at 09:59:56 AM EST
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If you sell your car you'll already have made a loss on it. At best you'll break even.

If you get lucky and buy a piece by Mr Upandcoming, hold on to it for a decade or two and then sell on an upswing of popularity, you can make millions.

Worse, if your surname is Saatchi, you can define the market and use it create millions by talking up artists you happen to collect.

(Until a lot of your collection disappears in a mysterious and unexpected fire. Allegedly.)

This game is played more often than you might expect.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Jun 14th, 2009 at 10:43:36 AM EST
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The art market is a boiler room. No different from any other scams.

The year 2000 movie 'Boiler Room' is fairly interesting on the business definition - and somewhat ahead of it's time. I got more out of it than 'Wall Street'.

You can't be me, I'm taken

by Sven Triloqvist on Sun Jun 14th, 2009 at 10:51:48 AM EST
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