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The Dangers Of Making Art Which Looks Like Trash

Curious George

Curious George

Veteran Member
Revoltingest said:
It depends upon the particular market.
In real estate it's generally pretty close in order to avoid co-insurance or paying too high a premium.
In art.....there appears to be greater discrepancy between insured & market value.

It seems you're arguing that there's a free market.
But no one is arguing against you.
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I am suggesting that the free market determined the value of the risk of destruction of the art and attached that to the art. The insured payed a free market amount for someone to hold on to this risk, and part of this risk required paying a freely contracted amount for the property and loss of investment.. this makes this value a value established by the free market.

I think what you are referring to is fair market value, which is what something will yield if it is sold today.
.
 
Revoltingest

Revoltingest

Pragmatic Libertarian
Premium Member
Curious George said:
I am suggesting that the free market determined the value of the risk of destruction of the art and attached that to the art. The insured payed a free market amount for someone to hold on to this risk, and part of this risk required paying a freely contracted amount for the property and loss of investment.. this makes this value a value established by the free market.
I think what you are referring to is fair market value, which is what something will yield if it is sold today.
.
Click to expand...
Good....then we've nothing to disagree about.
Now we can get on with making fun of pretentious art!
 
Revoltingest

Revoltingest

Pragmatic Libertarian
Premium Member
Here is an art museum I'd like to check out some day.....
I'll wager that their insurance bill isn't too high.
 
N

Nietzsche

The Last Prussian
Premium Member
Revoltingest said:
Aye, Lucy's paintings are quite reasonably priced.

You know what's coming, I presume.


Wait for it......


Here it is......


She works for peanuts!
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When you are inevitably(if things go to plan) crushed by an elephant, I will be there. Probably.

Hopefully.
 
Guy Threepwood

Guy Threepwood

Mighty Pirate
Curious George said:
I am suggesting that the free market determined the value of the risk of destruction of the art and attached that to the art. The insured payed a free market amount for someone to hold on to this risk, and part of this risk required paying a freely contracted amount for the property and loss of investment.. this makes this value a value established by the free market.

I think what you are referring to is fair market value, which is what something will yield if it is sold today.
.
Click to expand...

The Tate receives annual funding from the Department for Culture, Media & Sport.

Tate now spends around £1 million of its general funds each year on purchasing acquisitions and their related costs.

Stalin, Mao, Hussein, Hitler, funded quite a bit of public art also- do you really think anybody would spend their own money on that bag of trash? any more than they would all those massive tacky statues of socialist heroes?
 
N

Nietzsche

The Last Prussian
Premium Member
Guy Threepwood said:
Stalin, Mao, Hussein, Hitler, funded quite a bit of public art also- do you really think anybody would spend their own money on that bag of trash? any more than they would all those massive tacky statues of socialist heroes?
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Really? Did we really need to go there? You couldn't of made your point without crossing the "evil dictators" line?
 
Guy Threepwood

Guy Threepwood

Mighty Pirate
Nietzsche said:
Really? Did we really need to go there? You couldn't of made your point without crossing the "evil dictators" line?
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If we want to stop it happening again, yes we need to go there!

We should never forget where that ideology leads, those leaders were not discovered to be evil until it was too late, they were considered benevolent, righteous men of the people, fighting the evil forces of free markets and individualism - in N Korea some still believe it.- and they are forced to fund some of the most massive public art on the planet. So many rulers of great civilizations ordered the most bloated displays of public waste on the way down the tubes- hastening their society's demise.There's a very strong correlation if you think about it.
 
N

Nietzsche

The Last Prussian
Premium Member
Guy Threepwood said:
If we want to stop it happening again, yes we need to go there!

We should never forget where that ideology leads, those leaders were not discovered to be evil until it was too late, they were considered benevolent, righteous men of the people, fighting the evil forces of free markets and individualism - in N Korea some still believe it.- and they are forced to fund some of the most massive public art on the planet. So many rulers of great civilizations ordered the most bloated displays of public waste on the way down the tubes- hastening their society's demise.There's a very strong correlation if you think about it.
Click to expand...
..

You know that the psychedelic & surrealism movement was literally funded by the FBI & CIA? I don't mean conspiracy 'MK-Ultra' **** or such, I mean "funded to annoy the Soviet-backed 'Socialist Realism' movement".

I just want to make sure you know this, because I'm willing to bet you don't. Government-funding art programs dates back to the mother-****ing feudal era, don't give me this horse****, or at least get better at making ****-arguments.
 
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Wu Wei

Wu Wei

ursus senum severiorum and ex-Bisy Backson
Revoltingest said:
Overzealous cleaner ruins £690,000 artwork that she thought was dirty | Art and design | The Guardian

It's truly amazing the tremendous monetary value assigned to junk & trash elevated to 'art'.
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There is a sculputure in a government office near me that cost thousands..... it looks exactly like an oldworn out, no tread left on it car tire, off the rim with a bulge in one side

Kind of like this, without the rim and smooth

bubble.jpg


So it is a copy of trash made into art...
 
Shadow Wolf

Shadow Wolf

Certified People sTabber & Business Owner
Guy Threepwood said:
So many rulers of great civilizations ordered the most bloated displays of public waste on the way down the tubes- hastening their society's demise.There's a very strong correlation if you think about it.
Click to expand...
Me thinks you need a course on art appreciation and art history. Many works of Christian art, especially from the Renaissance era, were publicly funded and today are considered some of the finest works of art in European history. Many composures of the different eras were commissioned by public funds on occasion. State officials have long indulged themselves in art work, and it isn't always paid for out of their own pocket.
 
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