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Processes are similar. Likelihood of success, impact of your actions on outcome, and ownership of upside (both real and social capital) are very different! Ar
by evrydayhustling 9y ago
Processes are similar. Likelihood of success, impact of your actions on outcome, and ownership of upside (both real and social capital) are very different!
Art is a black swan industry where compensation for effort is a lottery ticket. Only the fringe of "wantrepreneur" culture comes close to extracting as much effort for equally uncertain reward... And even then the efforts develop and demonstrate skills (tech and business) which can be transferred to low risk / well paid jobs. Artists who don't become famous can't recycle much of the investment.
- j_lee 9y agoThis is very true. I was involved in the NYC art market for about a decade. The smart artists either became professors or started over in a new career. Most of my art world friends are now programmers, lawyers, etc. A very small number of the people I knew actually made it, most of whom had a social or financial advantage to aid them. I knew exactly one artist who briefly made it on talent alone, and he was the art making equivalent of Lebron James.