The Value of Art: Money, Power, Beauty

The Value of Art: Money, Power, Beauty

by Michael Findlay
     
 

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What is art worth? How can a work by Pablo Picasso be sold for more than $100,000,000? This fascinating book explains the market for art--and art's value for all of us. In straightforward prose that doesn't mystify art or deny its special allure, prominent art dealer and market expert Michael Findlay offers a close up and personal view of almost a half century in…  See more details below

Overview


What is art worth? How can a work by Pablo Picasso be sold for more than $100,000,000? This fascinating book explains the market for art--and art's value for all of us. In straightforward prose that doesn't mystify art or deny its special allure, prominent art dealer and market expert Michael Findlay offers a close up and personal view of almost a half century in the business of art. He engagingly explains art's three kinds of value: commercial; social; and what he terms its essential value--the range of responses to art that we as individuals have depending on our culture, education, and life experience. Few avid collectors are immune to the thrill of rising market value, but Findlay argues that buying for investment alone is seldom smart. A genuine love of art and the ways it may enrich one's social life also play important roles. Down-to-earth and with a touch of dry wit, he explains exactly how artworks are valued and reveals the workings of the art market. Enhancing his narrative are wise advice, insider anecdotes, and tales of scoundrels and scams, celebrity collectors, and remarkable discoveries. Generously illustrated, Findlay's distillation of a lifetime's experience makes this insider's guide indispensable for all who love art, not only collectors but true "amateurs" as well.

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Editorial Reviews

Library Journal
Longtime art dealer and auction house adviser Findlay (director, Acquavella Galleries, New York) considers the value of art from three perspectives: commercial, social, and essential. Although he states that "the capacity of a work of art to hold, lose, or increase commercial value is incidental to its meaning," he is clearly most interested in art's monetary aspects: he devotes 61 pages to art's commercial value as compared with the 27 pages on social value and 19 on essential value. With a tone that alternates between earnestness and dry humor, Findlay offers anecdotes and precepts drawn from his experiences with collectors, sellers, and artists. About appreciating art, he does not say much beyond advising readers to "concentrate on it in a relaxed but fundamentally attentive manner, surrender our prejudices, and trust our eyes." About the art marketplace, Findlay cites numerous instances of how much was paid for what and when. VERDICT Aspiring collectors and readers interested in the high-flying end of the art market will enjoy this entertaining book, which claims that money is not the most important thing about art but takes finance as its major subject.—Kathryn Wekselman, Cincinnati

Product Details

ISBN-13:
9783791346380
Publisher:
Prestel Publishing
Publication date:
04/10/2012
Pages:
208
Product dimensions:
7.20(w) x 9.70(h) x 0.90(d)

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