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A lot of the prices of pieces of fine art aren't just tied to the aesthetics, but have to do with artifacts that are scarce and desirable. An Apple I isn't rea
by nemo 11y ago
A lot of the prices of pieces of fine art aren't just tied to the aesthetics, but have to do with artifacts that are scarce and desirable. An Apple I isn't really desirable as a computer, but because it's an Apple I, made by Woz at that time and hard to get. A Nintendo World Championship cartridge might sell for $100,000, but it's due to the same factors, not that people really want to play a game they could still play on an emulator. First editions of novels and other rare books and rare vinyl albums are the same way. It's not just the content of the thing, it's the scarce desirable artifact that holds that content.
- alex_anglin 11y agoAgreed. To add to the historical artifact point; with artworks a part of the value in the artifact is what the rest of the art world was doing at the time. What we take for granted today hasn't always been so and often notable pieces of art are recognizable for their place in the evolution of an art, be it fine art or technology.