Summer Blog Post #3

Abstract basic painting gets sold by 75 million dollars

http://entertainment.time.com/2012/11/14/rothko-fetches-75-million-at-record-setting-sothebys-sale/

In this Blog entry the real life situation is related with art as well. But the approach that I am going to be taking in this entry is pretty different that the last one. First off, the author of this painting did not sell only this exemplary, but many more that helped him to get about 1 billion of dollars, only by selling this sort of paintings. As we can see in the picture displayed of the exemplary, it seems to be a painting pretty simple, but since it is considered abstract, the value of the painting completely shifts to a different one, therefore, the question that we have to ask here is what is art? how can we know the value of a painting? who decides whether it is more or less worth?

To get started, we have been studying that art is a way of expressing one's feelings, moods, opinions, translated into a paper board, or sculpture. But what is the value of those expressions? 

Does the art itself transmit the message, or it only pushes us to make it?

In this case, from  y point of view the painting does not transmit anything, since there are only 3 colors painted in the portrait. But the question here is, if this painting is that simple, how can it cost 75 million dollars?

Is it public opinion? Or the cache of the artist itself?

Public opinion does play an important role in this situation, imagine that this abstract painting was not supported by any artistic corporation, or that not as much attention, as the New York times, was given to it, would the result be the same? Indeed no, this abstract art would not have the same value for sure. On the other hand, it is also the cache of the painter what gives the painting a value, not only in art but also in other fields, the fact that the painting was painted by an important artist gives the painting a higher value. As an example think about Michael Jackson's chewing gum sold by millions.Only the fact that Michael Jackson chewed it, already gives it a different value compared to another simple chewed gum, this applies to art as well.