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High-end buyers protect the culture of fine art

By   /   July 13, 2013  /   No Comments

High-end art is one of the most manipulated markets in the world, but this isn’t necessarily a bad thing. Keeping the market exclusive may mean that very wealthy people may occasionally overpay for art, but it also means that these artists are able to grow and develop as artists.  Galleries set tastes and prices.  It may seem arbitrary, but most of the collectors on the inside have studied art and art history.  Preserving this exclusivity in part preserves the history and culture of the art.  Furthermore it gives elite artists a stable career.  Artists can take years to develop and most have their ups and downs.  The price setting and branding of artists by galleries mean they can take these years to develop their art.  Without this system our society would have never known some of the amazing works that say so much about our culture.   Even if the market were more open there will always be a high-end art market for the wealthy and cultured.

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