"Still, the fine art market plays a large
role in defining which art is important. And as a result, so too do the
heirs and hedge fund managers that supply the money. As the Mona Lisa
anecdote suggests, which artworks get singled out as masterpieces may
always be partly arbitrary. But the legacy of money doing the picking
leads to one of the least attractive aspects of the fine art world: the
mysterious aura surrounding renowned artists and artwork that makes
museum visitors who don’t like or “get” a masterpiece feel anxious or
resent the art world.
Although
it is the opinion of one artist, Webster believes that the public
should not blame artists for the cult of personality that surrounds
artists. “Famous artists do not create the aura,” Webster says. “It is
the gallery, promoter, critic, and buyer, all of whom are more willing
to uphold these pillars of pretension so that their investments can
maintain power.” When the art world buys and sells paintings for
extravagant amounts of money, those paintings can’t be simple. Expensive
art demands gilded justifications for its price tag and packaging in
layers of obfuscation. This benefits artists
whose work sells for hundreds of thousands or millions of dollars. But
it comes at the cost of alienating the public from the art world."
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