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A comment on Why are artists poor?. Parent comment

Re:Why are artists poor? by gatormax on Tuesday August 25, 2009 @02:47PM (#785453)
"The principle of revealed preference." If he's not buying it, he's not really valuing it. Like the old joke about two economists who walk past a porsche. One remarks that he'd give anything to own that car --- the other responds, "Clearly not."
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Re:Why are artists poor? by abefortas on Tuesday August 25, 2009 @04:12PM (#785678)
No. There are other kinds of value besides monetary value.

An artwork is not a porsche. Even if I had anywhere near enough money to buy a Kiefer, there would be no room for it in my house, and it would not belong there anyway. I think it is valuable simply that Kiefer's paintings exist, and would be even if museum's weren't willing to pay for them.

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Re:Why are artists poor? by tjic on Tuesday August 25, 2009 @03:32PM (#785567)
"The principle of revealed preference." If he's not buying it, he's not really valuing it

Exactly!

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