Saturday, September 27, 2008

Should Art Have A Price Tag?

It's interesting that, in a month where Damien Hirst (and his management) achieve a historic sales record, Banksy is refusing to authenticate his work for an auction house. Banksy 1, Hirst 0.

Sadly, the reality is that the scoreboard actually reads Hirst €150million to Banksy's much lower earnings. That's because these days much art is valued not so much on its individual merit or success but on the commercial value that we place on it. Of course, "merit" and "success" are relative terms but at least by thinking in those terms we keep art in the emotional/intellectual sphere and not in the financial.

Otherwise, buy a factory and build an assemblyline and get a grant from Fás!

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