The price of art is usually pegged to the artist rather than the piece itself. Once you gain wealth and enter more sophisticated art circles, the "celebrities" you associate yourself with changes compared to that of a middle/lower class person.
For example, plebs would pay good money for a signed shoe from Kobe Bryant/Kim Kardashian despite it being just a shoe, however the signature elevates the value to thousands even if it is just scribbles with a pen. It is the same for contemporary art enthusiasts but instead of Kobe Bryant/Kim Kardashian, they are more interested in signed pieces from Yayoi Kusama/Damien Hirst who are big names in the contemporary art world and would pay big money for items associated with them, even if it is just "splashes of paint".
I'm sure there are people who think contemporary art is a scam but at the same time would love to buy splash art if it was made by PewDiePie.
Why the hell is splashes of paint worth millions?
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The price of art is usually pegged to the artist rather than the piece itself. Once you gain wealth and enter more sophisticated art circles, the "celebrities" you associate yourself with changes compared to that of a middle/lower class person.
For example, plebs would pay good money for a signed shoe from Kobe Bryant/Kim Kardashian despite it being just a shoe, however the signature elevates the value to thousands even if it is just scribbles with a pen. It is the same for contemporary art enthusiasts but instead of Kobe Bryant/Kim Kardashian, they are more interested in signed pieces from Yayoi Kusama/Damien Hirst who are big names in the contemporary art world and would pay big money for items associated with them, even if it is just "splashes of paint".
I'm sure there are people who think contemporary art is a scam but at the same time would love to buy splash art if it was made by PewDiePie.