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by tomc1985
3071 days ago
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As a lifetime student of art I consider the art world and its notions of 'intrinsic value' to be bunk. As I said before he is free to price his art at whatever rate he wants, and I am free to object to whatever price I want. |
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That is: I do think that so long as you assume someone isn't for more complicated or personal reasons distributing their work at a loss, there are really intrinsic costs... and hence arguably an intrinsic value. Assuming that your market agrees that you've done more than ruin the materials as materials.
BUT I agree with you, these costs are usually immaterial in most art world attributions of value. That is, who cares if a De Kooning consumed $400 in paint on a $400 canvas.
My interest was that in most industries, e.g. non-consumer hardware electronic goods, it's an industry standard to charge something on the order of 4:1 or 8:1 over the material costs, to account for all the less tangible costs: and provide a "healthy" profit which is liable to not also be so high as to invite competition.
In this case then it'd be expected that the cost of tangible material investment was around $25-50/work, which seems the right ballpark at least.
QED IMO anyway those drawings aren't "overpriced," quite the contrary. :)