Art and Money

AuthorBoris Groys
Date2011
Further Information

http://www.e-flux.com/journal/art-and-money-2/


The relationship between art and money can be understood in at least two ways. First, art can be interpreted as a sum of works circulating on the art market. In this case, when we speak about art and money, we think primarily of spectacular developments in the art market that took place in recent decades: the auctions of modern and contemporary art, the huge sums that were paid for works, and so forth—what newspapers mostly report on when they want to say something about contemporary art. It is now beyond doubt that art can be seen in the context of the art market and every work of art can function as a commodity…

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