“The artwork is a commodity of a special kind. It is considered unique, and it is split between its assumed symbolic value and its market value. The peculiarity of its Doppelcharakter relies on the fact that it can have a price only because it is presumed to be priceless- which is true to a certain degree, as what is at stake in artworks cannot be reduced to a price. Collectors’ motives can’t be reduced only to speculation. They want the market value to increase, yes, but their motives are hybrid. They want the symbolic value as well.”
- Isabelle Graw, Artforum April 2008, ‘Art and Its Markets- A Round Table Discussion’
I thought it would be useful to remind ourselves where it all originated!
Emer
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