Art As An Alternative Investment : Returns, Risks And Correlation With Financial Market

In the article “Conditions of Trade,” Michael Baxandall explains that fifteenth-century Italian art is a “deposit” resulting from the commercial interaction between the artist and the purchaser, who he refers to as a client. These works, as such, are “fossils of economic life,” and money, and they play an important role in the history of art. In our current perception of the relationship between the artist and art, “painters paint what they think is best, and then look around for a buyer” . However in the past, especially during the Renaissance period, the customers determined the content and form of paintings, as it was them who commissioned the work before it was created. He states that the artists and clients were interconnected and

Historically, the relationship between art and commerce has been viewed as hierarchical. In this hierarchy of power, commerce dominates art and negatively influences artistic and creative potential of the art while art is viewed as a form of creative and cultural luxury that needs protection from external corruption. This argument has been brought up continually in academia, all similarly suggesting that there is something inherent in commerce and economics that undermines the purpose and authenticity of art. Whether this be the classic Bourdieun analysis of for-profit industries and their negative influence on art culture or the modern day parent who views the popular music and culture of her child’s generation as absent of value, there is a consistent contention at the core of commerce and arts relationship. While I undoubtedly agree that the politics of commerce and commercial activity has an effect on art, I do not believe that art therein lacks value because it was produced by a commercial entity or for profit. In this paper, I will argue that the contemporary relationship between art and commerce is one in which commerce does not domineer art and art culture but rather preserves and sustains it.

To begin with, students are the future of the society, and Art is a good public-sector investment for educational assets. If the government supports Art, more pupils can learn it earlier and more diffusive. Based on the research from National

Throughout history there have been many public funding’s that contributed to the world of art. Whether anyone realizes it or not, artists have a lot of responsibilities to try and please the public when they are working for the public. Also, there are numerous regional issues that greatly influence decisions about publicly funded art. Art is very important when forming a sense of nation character, therefore, we should support the public funding of art in America. Art is an important part of society and it can also be a very valuable part of our everyday lives. However, there are many positive and negative effects when it comes to the public funding of art in America. Supporters claim that subsidizing the arts pays for itself. These supporters suggest that the arts are what drive the economy of businesses within a community.

Some paintings by modern artists are practically worthless as the artist is not famous, therefore there is no demand for the paintings. The original paintings before replicas were once “The uniqueness of the place where [the painting] resided, sometimes the painting was transportable. But it could never be seen 2 places at once.” (Berger 114). The painting was only ever seen in one place, and therefore was unique and valuable, however, with reproductions, the same painting could be seen in any household devaluing the artwork according to Berger. Berger believes that the painting is now worth less because it can be seen in more places than the one place where the original resides, and therefore, can be seen by more people. However, a very famous painting, “The Virgin and Child with St. Anne and St. John the Baptist… Now it hangs in a room by itself. The room is like a chapel. The drawing is behind bullet-proof Perspex… It has become impressive… because of its market value.” (Berger 110). This painting has many reproductions, and yet it is required to be housed in its own room behind bullet-proof glass due to its immense value. This in my opinion is more valuable now than it was as more people will want the painting bringing the price and therefore the value of the painting

Art education initially began in the United States around the nineteenth century to prepare future workers to be able to “design competitive industrial goods” (Chira, 1993). Susan Chira explains in her article “As Schools Trim Budgets, The Arts Lose Their Place.” that in 1989 a nationwide survey conducted by the University of Illinois at Champaign-Urbana reports that since 1962 the amount of time devoted to teaching art in school had declined as well as the amount of full time art teachers. Throughout the sixties until the early eighties the nation was dealing with a major economic crisis. Most notably was the Great Inflation of the 1970's along with New York's 1970 Fiscal Crisis which greatly affected the art scene in New York that was at the time the place to be if you were an artist.

State and federal governments wrestle with the many questions that come with the funding of public art. People wonder whether or not government has a legitimate role in the arts and if they do, whether or not the arts should be given funds when so many other needs are present in our society. I believe that art provides many benefits and that if policymakers would begin to understand these benefits that the arts have on government and citizens, then they would find a way to support the arts even through difficult financial situations. “Arts and culture are consistent sources of economic growth, during both good and difficult economic times. Specifically, arts and culture policies and programs increase economic development in states by attracting

In 1942 the German political party began to deport Jews to concentration camps all around Europe. In this process the germans looted the houses and took anything of value including things like silverware, desks, and even chandeliers. One thing of all else was worth quite a bit of money and still is probably worth more now is art. Art back then was rare and worth an extreme amount of money because of the fact they didn’t know how to replicate them very efficiently or effectively. That is why whenever they saw art in the houses of jews they took it immediately. Although the Nazis had committed genocide, they knew how to keep and preserve art and valuables. All 650,000 pieces of art stolen.

History is described as the timeline of events that can impact the future. History in turn influences everything around us.  One of the most influential pieces of our history is art.  Art is known as “the expression or application of creative skill that is in visual or physical form such as sculpture that is appreciated for its beauty and emotional power from creating the piece”(Oxford press).Art has different uses and means from different eras and times.  Some eras in history use art for ritual means and practices while other eras use art as a representation of their wealth and use it to underscore their social class in society.  Art is influenced by the point in time in which it was created.  Because of this pre colonial, 1920s, 1940s and

The art gallery set the tone and the price of the collection. So they don’t set prices subject to the whims of the market. Art is a freestanding market comprised of commodities embodied by culturally specialized qualities that are often controversial when being measured. The article Expensive Art is Good Art reference economist Allison Schrage views on art galleries manipulating prices. She state, “The nature of art as a commodity inherently makes efficient prices, meaning prices that reflect all available information about value, impossible. Value is subjective; the intrinsic value of a painting is paint and canvas—beyond that value is often a matter of taste. This is why the industry has developed an intricate signaling process where the

Artwork can add much to a room, setting the tone for the particular ambience you have in mind. Many of us think ‘big bucks’ when thinking of original artwork. After all, an original is one-of-a-kind, so you expect to pay more. On the other hand, there are plenty of talented artists who are, as yet, unknown to most of the art world and are more than willing to sell their paintings for

The 1960s in the United States is evaluated as the period of revolutionary changes had occurred in art gallery movement. It’s because the increase of the middle class owing to the rapid growth and prosperity of American economy after 1960s, had impact to the formation of the art gallery. The scale of middle class had been expanded due to the economic growth, the baby boom and the mortality decline by the advance of medical science. The continuance of economic prosperity made their incomes increased. Most of them wished to be highly educated and started to spend their spare time with the hobby to appreciate the arts. Resulting from this, the new support class for the arts started to arise from the massive middle class centered (McKay, et al.,

In Art as Propaganda: Bringing Du Bois into the Sociology of Art, money is included as one of the key elements of the Du Boisian social theory of art. Particularly, the importance of artists receiving compensation for their work and consumer organizations, such as libraries and schools, supporting artists monetarily. Although this seems painfully obvious, it does present a key moment for more critical analysis. Particularly, how in contemporary times, this idea

The relationship between art and commerce has always been subject of hot discussion. Many people look at creativity as a vehicle for economic interest, while others view it as pure dedication for personal creative needs. The world as we live in today sees the creative industry, including visual and performing arts, sound recording, book publishing, and movie making, a highly commercialized global enterprise. People constantly buy and sell art products in a highly active market. Although it is difficult to conclude whether art and commerce is perfectly compatible or mutually exclusive, one thing is true, that the relationship between the two has not stayed constant throughout the history of art. From the early Renaissance period to contemporary and modern time, we see art gets intertwined with business more and more. There are multiple well known historical examples demonstrate the dynamic evolution of creative expression, though new system also brought challenges.

A lot of people think that art can only go as far as a class in school, but in reality there is art around everyone. Art can be a way of life for some people, and for others it is simply just something they pass every single day. What they do not realize is that art can have benefits in different aspects in their life, in children's lives, and even the world around them.