Arts = accumulation.
Everything = accumulation!
Art is increasingly about commodity and a badge of the hyper-rich.
So I was intrigued to see this:
“We are here to expose the orgy of the rich that the Sotheby’s auctions represent,” says one of the protestors inside the auction rooms. “The super rich, bankers and collectors who buy this art exist in an international bubble of their own and don’t seem at all affected by the so-called ‘austerity’ of the government. They commodify creativity and Sotheby’s helps them ferret away their goods by offering creative accounting services such as ‘obtaining conditional exemption’.
The Sotheby’s Contemporary Art auction features secondary market artworks expected to fetch upwards of £30million. Pieces from Gerhard Richter, Andy Warhol ad David Hockney were among the works on offer to the highest bidder. ‘Most of these works will end up in the hands of private collectors or used as tax havens, while vital public provisions such as Education and Health Care, get the shaft’ says a protestor.
‘This evening’s take of 30 million pounds would pay the annual salary of 1389 new teachers, 1765 qualified nurses or the budget of 150 libraries for a year.’
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