Friday, April 28, 2006

studio LDA : market value comes with appreciation ..




Appreciation of market value comes with appreciation from society

Sounds offensive and money minded? It's my opinion anyway.

A piece of art work fetches any market value is always supported by next lower price affordable by more buyers. In a society with more matured cultural and artistic development, the triangle above gets bigger and taller than the less artistically developed society.
All these wants, either supported by actual purchasing power or pure urge to own or just enjoy the art work, make the cushion that holds the basic value of an art work.

I told my friends that this is the basic that sets a highly valued piece of art work in France, a much, much lower priced product in Malaysia.

So if the artists are not helping the society, they are not helping themselves.

look from www.studiolda.com

1 comment:

chee meng look said...

If you want to know more about the subject on appreciation of market value of art works, read "Todd Gibson on money and art" on felixsalmon.com

look