"I am for the birds, not for the cages in which people sometimes place them." John Cage
Wednesday, November 20, 2013
What's in a Price?
Hey fellow philosophy students! The British graffiti artist Banksy recently had a month-long (unofficial) residency in New York that attracted the attention of a lot of major media outlets. One such story that came out of the coverage (and believe me, there were a lot of news-worthy headlines from the duration of Banksy's trip to NYC) talked about a $50 thrift shop painting that Banksy modified. After Banksy had touched the art, it's value skyrocketed to somewhere around $310,000. We recently talked in class how just a piece of art's association with an artist that collector's deem worthy can increase it's inherent value. Granted, the funds from the painting are being donated to charity, but does the art really deserve that price tag? Is the name behind a piece more important than the actual art? I'm interested to hear everyone's thoughts, so feel free to respond below.