{"id":207,"date":"2017-03-03T12:04:49","date_gmt":"2017-03-03T12:04:49","guid":{"rendered":"http:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/?p=207"},"modified":"2018-09-04T13:17:50","modified_gmt":"2018-09-04T12:17:50","slug":"art-profit","status":"publish","type":"post","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/","title":{"rendered":"Art profit. Is art purchased for profit or pleasure."},"content":{"rendered":"<div class=\"svuth69d8b1e7f238f\" ><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 300x250, Word Press -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:250px\"\r\n     data-ad-client=\"ca-pub-0108254043138262\"\r\n     data-ad-slot=\"8241926334\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<\/div><style type=\"text\/css\">\r\n.svuth69d8b1e7f238f {\r\nmargin: 5px;padding: 0px;\r\n}\r\n@media screen and (min-width: 1201px) {\r\n.svuth69d8b1e7f238f {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.svuth69d8b1e7f238f {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.svuth69d8b1e7f238f {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.svuth69d8b1e7f238f {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.svuth69d8b1e7f238f {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n<h1>Art profit<\/h1>\n<p>Having recently read that a floral impressionist landscape painting by Gustav Klimt recently sold at Sotheby&#8217;s London auction for $59million approx \u00a348million I began to wonder if in fact it was only purchased for art profit, not pleasure.<a href=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"223\" data-permalink=\"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/gustav-klimt-auction\/\" data-orig-file=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png?fit=455%2C401&amp;ssl=1\" data-orig-size=\"455,401\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Gustav Klimt-Auction\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png?fit=455%2C401&amp;ssl=1\" class=\"alignright wp-image-223 size-medium\" src=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png?resize=300%2C264\" alt=\"art profit or pleasure\" width=\"300\" height=\"264\" srcset=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png?resize=300%2C264&amp;ssl=1 300w, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png?w=455&amp;ssl=1 455w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><br \/>\nI 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.<\/p>\n<p>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\u00a0to 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.<\/p>\n<figure id=\"attachment_317\" aria-describedby=\"caption-attachment-317\" style=\"width: 229px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"317\" data-permalink=\"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/mundi_framed-783x1024\/\" data-orig-file=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?fit=783%2C1024&amp;ssl=1\" data-orig-size=\"783,1024\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mundi_framed-783&amp;#215;1024\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?fit=640%2C837&amp;ssl=1\" class=\"wp-image-317 size-medium\" src=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=229%2C300\" alt=\"Leonardo Da vinci Salvator Mundi (circa 1500)\" width=\"229\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=229%2C300&amp;ssl=1 229w, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=768%2C1004&amp;ssl=1 768w, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024.jpg?resize=783%2C1024&amp;ssl=1 783w\" sizes=\"auto, (max-width: 229px) 100vw, 229px\" \/><\/a><figcaption id=\"caption-attachment-317\" class=\"wp-caption-text\">Leonardo Da vinci Salvator Mundi (circa 1500)<\/figcaption><\/figure>\n<p>Recently\u00a0 in 2017 what is believed to be the last known work by Leonardo Da Vinci sold for $450.3 million.<\/p><div class=\"emgnd69d8b1e7f23e7\" ><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 300x250, Word Press -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:250px\"\r\n     data-ad-client=\"ca-pub-0108254043138262\"\r\n     data-ad-slot=\"8241926334\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><style type=\"text\/css\">\r\n.emgnd69d8b1e7f23e7 {\r\nmargin: 5px;padding: 0px;\r\n}\r\n@media screen and (min-width: 1201px) {\r\n.emgnd69d8b1e7f23e7 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.emgnd69d8b1e7f23e7 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.emgnd69d8b1e7f23e7 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.emgnd69d8b1e7f23e7 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.emgnd69d8b1e7f23e7 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p>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\u00a0of 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!<\/p>\n<p>Salvator Mundi\u00a0(circa 1500)&nbsp;<\/p>\n<p>[amazon_link asins=&#8217;0692875131,B075M84G8Q,1473666686,1500151920,097106847X,1784724173&#8242; template=&#8217;ProductCarousel&#8217; store=&#8217;scrapbooking09-21&#8242; marketplace=&#8217;UK&#8217; link_id=&#8217;5b573c47-60de-11e8-ac65-59cf00ec1480&#8242;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Art profit Having recently read that a floral impressionist landscape painting by Gustav Klimt recently sold at Sotheby&#8217;s London auction for $59million approx \u00a348million I<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":["post-207","post","type-post","status-publish","format-standard","hentry","category-art-in-recession","one-column"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Art profit. 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Is art purchased for profit or pleasure. - The Accidental Art Critics","isPartOf":{"@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/#primaryimage"},"image":{"@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/#primaryimage"},"thumbnailUrl":"http:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction-300x264.png","datePublished":"2017-03-03T12:04:49+00:00","dateModified":"2018-09-04T12:17:50+00:00","author":{"@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/#\/schema\/person\/a8c02e1eed7e3c37122ca713f235f500"},"description":"With the recent of discovery a long lost work by Leonardo Da Vinci that sold for $450.3 million I cant help weather it was bought solely fo art profit.","breadcrumb":{"@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/#primaryimage","url":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png?fit=455%2C401&ssl=1","contentUrl":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Gustav-Klimt-Auction.png?fit=455%2C401&ssl=1","width":455,"height":401},{"@type":"BreadcrumbList","@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-profit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/"},{"@type":"ListItem","position":2,"name":"Art profit. 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I hope that you find the information both in my pages and my posts helpful and that I  provoke a small amount of thought and interest with what I have written.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/#\/schema\/person\/a8c02e1eed7e3c37122ca713f235f500","name":"Denu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8cd46d7de6902c9f013480a3349566274f974d12a9978ca026412341a0a7ecd8?s=96&d=mm&r=r","url":"https:\/\/secure.gravatar.com\/avatar\/8cd46d7de6902c9f013480a3349566274f974d12a9978ca026412341a0a7ecd8?s=96&d=mm&r=r","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8cd46d7de6902c9f013480a3349566274f974d12a9978ca026412341a0a7ecd8?s=96&d=mm&r=r","caption":"Denu"},"sameAs":["http:\/\/www.arts-crafts-hobbiesanddiy.com"],"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/author\/admin\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2EApV-3l","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":13,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/recession\/","url_meta":{"origin":207,"position":0},"title":"Recession and it&#8217;s effect on the art world ?","author":"Denu","date":"September 16, 2009","format":false,"excerpt":"Would a recession affect the art world? With falling property prices and people being terrified to sell or buy anything at the moment for fear of great financial loss it got me thinking as to the knock-on effect the recession may or may not have on the art world. Would\u2026","rel":"","context":"In &quot;Art in recession&quot;","block_context":{"text":"Art in recession","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-in-recession\/"},"img":{"alt_text":"The effect of recession on the art world","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/03\/Mundi_framed-783x1024-229x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":421,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/how-much-is-a-painting-worth\/","url_meta":{"origin":207,"position":1},"title":"How Much is a Painting worth?","author":"Denu","date":"November 20, 2018","format":false,"excerpt":"How much is a painting worth? Having recently read\u00a0that an abstract oil painting by Chinese-French master Zao Wou-Ki sold at Sotheby's for $65 million and a work by David Hockney, Portrait of an artist (pool with two figures) was given a sale estimate by Christie\u2019s of $80 million then actually\u2026","rel":"","context":"In &quot;Art&quot;","block_context":{"text":"Art","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art\/"},"img":{"alt_text":"How much is a painting worth? David Hockney, Portrait of an Artist (Pool with Two Figures)","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2018\/11\/David-Hockney-300x180.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":32,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/its-only-a-tree\/","url_meta":{"origin":207,"position":2},"title":"Tree! It&#8217;s only a tree","author":"Denu","date":"September 24, 2009","format":false,"excerpt":"[amazon_link asins='1842124692,1604695536,184448761X,B00QSRUJVO,1782215263' template='ProductCarousel' store='scrapbooking09-21' marketplace='UK' link_id='e79c4207-60e3-11e8-afdf-21411fc7b06a'] It's only a tree. While out walking the other day a nearby tree that I had frequently past for years suddenly caught my eye. Standing as it has done for hundreds of years in its own private little plot, silent yet majestic in the\u2026","rel":"","context":"In &quot;Art on Emotion.&quot;","block_context":{"text":"Art on Emotion.","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-on-emotion\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/genuine-masterpiece\/","url_meta":{"origin":207,"position":3},"title":"Genuine masterpiece. Real masterpiece","author":"Denu","date":"January 16, 2017","format":false,"excerpt":"The genuine masterpiece. What is a genuine masterpiece? I have looked at thousands of paintings, photos and other interpretations of art by various artists to seek out what to me is a genuine masterpiece, but it wasn't until yesterday that it dawned on me. Are we not all a genuine\u2026","rel":"","context":"In &quot;Art on Emotion.&quot;","block_context":{"text":"Art on Emotion.","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-on-emotion\/"},"img":{"alt_text":"The genuine masterpiece.","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/01\/black-and-white-community-crowd-9816-1024x423.jpg?resize=700%2C400 2x"},"classes":[]},{"id":188,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/art-is-for-everyone\/","url_meta":{"origin":207,"position":4},"title":"Art is for everyone. The wonders of art.","author":"Denu","date":"February 21, 2017","format":false,"excerpt":"It is my humble opinion that art is for everyone. To be more specific, the creation of art. The actual act of putting pencil to paper or paint to paper. These being my preferences although art comes in many forms with endless mediums for experimentation. Why, because by doing so\u2026","rel":"","context":"In &quot;Art on Emotion.&quot;","block_context":{"text":"Art on Emotion.","link":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/category\/art-on-emotion\/"},"img":{"alt_text":"Art is for everyone. Art therapy.","src":"https:\/\/i0.wp.com\/arts-crafts-hobbiesanddiy.com\/Blog\/wp-content\/uploads\/2017\/02\/adult-art-beautiful-704977.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":240,"url":"https:\/\/arts-crafts-hobbiesanddiy.com\/Blog\/what-is-art\/","url_meta":{"origin":207,"position":5},"title":"What is ART? 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