Quote:
Originally Posted by Jarmusch
You sit on it for a few years, then sell it for a few million more.
Most people see this as a waste of money. Whoever bought it sees it as an investment.  |
You beat me to it :P
Art is an investment at this level... Some people buy well known works of art knowing they will most likely appreciate over time. Some modern art guys buy pieces from "up and comers" hoping to hit on an artist before they become big.
Art is for collectors that have more money than most and have decided to move on from comic books, coins, stamps, and any other collectible.
However I will say that the modern art market is complete BS. The value of everything is based off of what is "on trend" and whomever is "hot" at the time... The value is set by art brokers and dealers which is "as much as they can get for it". I also feel resentment towards the modern art scene as they complete discount ALL and ANY comic or fantasy style artwork. There are some ungodly talented fantasy painters out there but they receive no recognition from the "art scene" even though they are vastly more talented than many "modern artists"...