- 08 Oct 2021 14:47
#15193783
Yeah, I think it parallels / typifies capitalism's *overproduction* dynamic, in which any given commodity becomes increasingly *financialized* over time, to the detriment of *availability* of the product / use-value itself, due to soaring *prices* / financialization.
In the case of the art commodity the 'use value' / quality has been getting *hollowed-out* in favor of the artwork as *financial vehicle*, as you're noting -- and it's an *excellent* vehicle / asset for exchange values, at that. Really it's no different than a gradual, decades-long capitalist Ponzi scheme around *any other* commodity, like tulips or real estate or whatever.
*Politically* we could call it 'retro-feudalism', with its emphasis / obsession on *valuations*, over actual material availability -- kind of the *inverse* of the tech sphere over past decades where quality has *increased* exponentially while the cost to the consumer has *decreased* at the same time.
B0ycey wrote:
The artist will do what they do because they know whatever the do will still sell. Once you establish a name, the quality of your work doesn't matter. Forget the tubeline sign which in itself was poor quality, an artist took money from a Danish museum and in return gave them two blank canvases called 'Take the Money and Run'. That isn't art. That is merely a concept and theft. When art became impressional, it was the way the image was formed that portrayed the message rather than the image itself. Now the work is merely the concept of a message which you must know before you see the art. There is now no quality. The little you do the better. Which I guess if fine for those who buy and sell. But not for ordinary people who just want to see high quality talent.
Yeah, I think it parallels / typifies capitalism's *overproduction* dynamic, in which any given commodity becomes increasingly *financialized* over time, to the detriment of *availability* of the product / use-value itself, due to soaring *prices* / financialization.
In the case of the art commodity the 'use value' / quality has been getting *hollowed-out* in favor of the artwork as *financial vehicle*, as you're noting -- and it's an *excellent* vehicle / asset for exchange values, at that. Really it's no different than a gradual, decades-long capitalist Ponzi scheme around *any other* commodity, like tulips or real estate or whatever.
*Politically* we could call it 'retro-feudalism', with its emphasis / obsession on *valuations*, over actual material availability -- kind of the *inverse* of the tech sphere over past decades where quality has *increased* exponentially while the cost to the consumer has *decreased* at the same time.