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What makes art valuable? - BBC Documentary HD - YouTube
(1) auction price determined who owned it previously, who collected them [Out of Love], who will bid on it - back then an obscure painting, art, or whatever can raise hairs within a few years if it were (the piece) in the right hands of a lover, from the start. in the hands of a well known and respected collector or gallery or individual person. [mentality of the art director/collector] (2) it is perceived value, not material value. a paintings value can change magically by a revealing of it's true attribution - painter. or who collected - who collects those works of art. or even art advisors yes that is a job title - a person who keeps the name of the bidder anonymous. (3) art collection can be addictive, and it is the long-haul game. talking about 2-3-4-5 decades. (4) people who can afford these bids - want to surround themselves with equals among them. so to speak. masters of their craft. & eventually the acquisition of a status symbol or long-term investment for the family trust.
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june 2014 by asterisk2a

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