Should art be collected for its beauty and how it makes you feel, or should it collected for an investment?

Marilyn Monroe by Steve Kaufman

Should art be collected for its beauty and how it makes you feel, or should it collected for an investment?  What is your opinion?

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Comments
7 Responses to “Should art be collected for its beauty and how it makes you feel, or should it collected for an investment?”
  1. etrainer1 says:

    It should be collected for both. But, mostly for it’s beauty, so you can appreciate it and ejoy it when you are looking at it.

  2. Dave Thomas says:

    I think art firstly should move you. Make you think and feel. If it does that, AND can be an investment, that’s great. But to me, the emotions are more important.

  3. Holly Tsouklaris says:

    Art is all about provoking emotion.

  4. Sonya Chasey says:

    I think the first, because if it doesn’t increase in monetary value then what have you got to lose? Unfortunately that’s not mostly how the world works though!

  5. iangoldsmith says:

    Art in a vault is a crime. No artist wants his work hidden, but displayed and enjoyed… in my opinion 🙂

  6. Claudio says:

    Beauty make you wake up your
    Feelings

  7. dianavachier says:

    When Andy Warhol first painted his series of Campbell’s Soup Cans they were placed in a gallery in San Francisco. They were there for 6 months and not 1 was sold. The owner of the gallery felt bad so he paid Andy Warhol for all of them and kept them. He paid $100.00 each. Later in years Andy’s work sold pretty well with prices ranging from $500.00 for limited editions to $5,000.00 for originals. He was well known in NYC for his edgy art, quirkiness and the celebrities that surrounded him in his studio and at the famous “in spot” Studio 54. He loved painting celebrities. He once said: “I love Los Angeles. I love Hollywood. They’re so beautiful. Everything’s plastic, but I love plastic. I want to be plastic” In the later years prior to his death he was involved in some great projects including paintings BMW and Mercedes cars. He was doing film and sculptures and having major shows. In 1987 very sadly Andy Warhol died during a surgery for an infected gall bladder. As with most artist their work explodes on the market once they die especially when they die at a young age. Andy was only 59. His art prices soared and investors couldn’t buy his art fast enough. The gallery in San Francisco that bought the Soup Cans had now some of Andy’s most valuable pieces and later when sold they sold for many millions. In 2007 Andy Warhol’s paintings Green Car Crash (Green Burning Car I) sold for $77.8 million dollars!
    Monet struggled with poverty and depression all his life because although there was some interest in his art he made no sales. Same with Van Gogh and the list of great artists that struggled during their lifetime is a very long sad list. In fact in any museum the art you see was that of a struggling artist.
    When Steve Kaufman who was a former assistant to Andy Warhol passed in 2010 at the age of 49 we were bombarded by investors. Since the estate was not yet settled all his art was taken off the market until all the legalities were put in order. Only just recently his art is slowly resuming being placed in galleries and museums again. And as expected, the demand is great. This is what leads me to believe that although his art sold very well and his art was placed in museums during his lifetime, I see now that many people are buying his art for investments and that people now realize that art is a investment. In fact in this economy art is the only thing that has gone up in value. I do have my many clients that are still buying his art because they enjoy it and it gives them pleasure but I am also seeing a whole new group of buyers that are buying as investments. So for us that buy art to enhance our lives there are many that buy art to enhance their pockets.

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