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Art Prices

Ballooning Art Prices Become 'Competitions Over Whose Penis Is Larger'

Posted 11.17.2013 | Arts

A massive three-part painting by Francis Bacon sold for $142 million this week, prompting a deluge of art market speculation. Is the art market headin...

The Not-So-Curious Economics of Art

David Galenson | Posted 05.01.2013 | Arts
David Galenson

Art experts enjoy claiming that markets for fine art have no logic. Are art markets in fact irrational? Hardly.

Galleries, Labor and the Market

Matthew Harrison Tedford | Posted 02.17.2013 | Arts
Matthew Harrison Tedford

High prices for cars and paintings can result in higher wages for laborers and artists, but it's not guaranteed, and it does not preclude exploitation.

Are Art Galleries the Labor Unions of the Art World?

Mat Gleason | Posted 02.10.2013 | Arts
Mat Gleason

An art gallery functions much the same way that a labor union functions. Both of them seek the best price and conditions for labor. One negotiates with management for a group of workers, the other negotiates with collectors for a select group of artists.

Think You Can Tell How Much A Work Costs?

Posted 01.18.2012 | Arts

Do you think you have what it takes to determine a blue chip artist from an established master? Is the art market based on merit or is value completel...

Art Market Analyst On 'Investment-Quality' Art And The Future

artfagcity.com | Posted 10.30.2011 | Arts

The past few weeks, the stock market has been reeling as concerns about the U.S. and global economy resurface. In an attempt to discover what this mea...

Selling Iowa's Pollock Mural: A Zen Buddhist Perspective

John Seed | Posted 05.25.2011 | Arts
John Seed

Great works of art, which ideally should serve as symbols of human experience refined into culture, are gaining attention as symbols of the almost feudal inequalities that plague the world's distribution of wealth. We like to think of masterworks as "priceless" but as the world's economy teeters, more and more people are realizing that they have price tags.