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Word Banks ART MATTERS

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Word Banks ART MATTERS

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ART MATTERS

Created by

Roberto Zuniga Delgado
Roberto Zuniga Delgado
Costa Rica

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Word Banks ART MATTERSOnline version

ART MATTERS

by Roberto Zuniga Delgado
1

controversial claimed buyer Perhaps bubble display throughout auction argued wealthy hugely however headlines

At an art in 1987 , Irises by Vincent van Gogh was sold . The price made around the world because it was a record for a piece of art . Some people said that $53 . 9 million was too much . They that art prices would stop going up . They that the art would pop . They were wrong .

Over the years , art prices continued to go up and up and up again . Then , 30 years later , in 2017 , Salvator Mundi by Leonardo da Vinci was auctioned . The paid $450 . 3 million . This price broke the previous record by more than $150 million . It also raises some questions : Is any painting worth so much money ? Who can pay so much for art , and why do they do it ? And what is next for the art world ? In other words , will prices continue to rise , or will the art bubble pop and prices fall ?

In the past , galleries usually bought important works to put on display for the public . These days , , only the super - rich can afford to buy major pieces . For example , Kenneth C . Griffin , who is a American , spent more than half a billion dollars to buy just two paintings . And Yusaku Maezawa , a Japanese billionaire , spent $98 million on art in just two days in 2016 .

Why do these people pay so much ? First , many artworks are unique . This makes them rare , and history people have always paid more for rare things than common ones . Second , works of art are beautiful , and humans have always been willing to pay for beauty .

Are these paintings worth their sky - high prices ? From an emotional point of view , the answer may be yes if the buyer truly loves the work . And from a financial point of view , the answer may also be yes ; art prices continue to rise , so buying art may seem like a good investment . This may not be true in every case , however . For example , the idea that Leonardo da Vinci painted Salvator Mundi is . Some experts say that it was most likely painted by one of his students . If this is true , the work ? s value could drop .

Many experts think that the art bubble will not pop any time soon , which is bad news for society . Art has both a financial value and a cultural value , and if people cannot see great works of art , they will see less beauty and fewer examples of creative genius . fewer people will become artists because the art in galleries does not inspire them . We must hope that those who pay $100 million or more for art will follow the example of Jack Gardner and his wife Isabella Stewart Gardner . They were wealthy collectors who opened a museum in Boston to put their art on for the public .

 
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