Commerce and Culture
Commerce and Culture
Mises Institute
3. The Economics of Painting: Patronage vs. the Market
1 seconds Posted Jul 25, 2006 at 5:00 am.
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A priceless Klimt painting turned out at auction to have a price - $135 million. Scholarship on painting is sympathetic to markets, unlike scholarship on music. Picasso was even called an entrepreneur.  Picasso was quite wealthy early in his career and died a billionaire. Not every artist starves.