Art in recession

Art profit. Is art purchased for profit or pleasure.

Art profit

Having recently read that a floral impressionist landscape painting by Gustav Klimt recently sold at Sotheby’s London auction for $59million approx £48million I began to wonder if in fact it was only purchased for art profit, not pleasure.art profit or pleasure
I mean, being realistic of course, the only type of person that could afford to buy art at that kind of price obviously must have a lot of money, to begin with, and the only way to accrue vast wealth is through investment.

Will this piece ever be on display for the public? Will it be hung in a private collection for only the eyes of the privileged to see, or will it be locked away in a climate-controlled vault, never to see the light of day until it is again sold for a vast profit.

Leonardo Da vinci Salvator Mundi (circa 1500)
Leonardo Da vinci Salvator Mundi (circa 1500)

Recently  in 2017 what is believed to be the last known work by Leonardo Da Vinci sold for $450.3 million.

If the latter is the case then think about how many exceptional masterpieces there are that are stored in vaults of the rich and famous that you nor I will ever have the privilege of seeing and ask yourself this. Is it right that they should be hidden away or as art profit or should they be shared, as art was created to be seen, not hidden away!

Salvator Mundi (circa 1500) 

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