Posts Tagged ‘Fair use’

In a Nutshell

Wednesday, March 10th, 2010

Sometimes I just don’t get the time to blog about all the things I would like to. So I’m going to start doing what all the cool kids in the blogosphere do, just post the links and let you guys do the hard work.

…2005 was a peak of its own in the three-year trend coming out of the steep post-internet boom recession of 2002. If the art market can consolidate above the 2005 level at is trough, the hypothesis that the art market has entered a new, global phase that offers much greater expansion in terms of both volume and price has some value.

  • High profile fair use fight over art. Images of the Korean war memorial depicted on a US stamp vs. the actual sculptures of the Korean war memorial.
  • Even higher profile arts smackdown: China out-arts France. What could it be? Could it be…mmmm, Satan? Or just the associated evils of capitalism?
  • And an interesting twist on the price elasticity of demand argument for luxury goods – turns out that art as mere luxury good may not be as accurate as art as alternative investment or store of long-term value.

“While outright global demand was weaker for luxury collectibles and consumables, there has also been a shift in luxury purchasing habits, as many HNWIs looked to secure their wealth in assets with long-term tangible value,” says the report. “This has worked strongly in favour of the art market, with art now recognized as a viable alternative investment asset.

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