Anecdotally I dated an artist for a short time who upon entering my home proceeded to ask me how much I paid for my art and why I would pay for something as awful as what I have.
My art was made by a friend of mine who works in a union factory in Texas. Art is his real joy and I was able to snag some pieces from when we were in college together. It's easy to write off that the pieces are just sentimental and therefore subject to sentimental value, but really, his work is very abstract and each piece (if you can snag them in order) describes a time in his life.
I tried to explain to this person how art to me is the story not told or the story as I see it. More recently I had the opportunity to really appreciate his work when I was on an LSD trip, but that's a story for another time.
In my experience, artists are completely divorced from economics, and the concept of the market, while striving to be a recipient of it - making the oppressive desperation their whole identity
For those formally educated, schools should really focus on the economics more instead of relying on magic
The reason to me is that people that buy contemporary art (stuff from living artists) are already going out of their way to do so, knowing that it is divorced from the concept of investment or stores of value. But for other living artists not to really understand the motives or empathize with the customers, going as far to criticize them for any number of reasons (daring to question the stated price, having a taste at all) really undermines the point of bothering with living artists at all.
My art was made by a friend of mine who works in a union factory in Texas. Art is his real joy and I was able to snag some pieces from when we were in college together. It's easy to write off that the pieces are just sentimental and therefore subject to sentimental value, but really, his work is very abstract and each piece (if you can snag them in order) describes a time in his life.
I tried to explain to this person how art to me is the story not told or the story as I see it. More recently I had the opportunity to really appreciate his work when I was on an LSD trip, but that's a story for another time.