We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
If you're wondering why there's such a boom in contemporary art today, that's because of competition, too. It's no longer possible to put together a world-class collection of Rembrandts or Botticellis; in fact, it can be hard to find a good one at all, at any price. But if you love contemporary art, or at least think you do, you can scale the heights of the market and leave your mark on the world as a collector. Today's richest got to where they are by having this emphasis on reaching no. 1; we should expect that same psychology to carry over to the art market. If the price is having to buy a stuffed shark rather than a shining Madonna, so be it; the world is growing more secular anyway.
A drive for status or the cementing of one's status; yet. without any taste: a willingness to be scammed. Moliere wrote a satirical play about a petite bourgeois who took lessons on how to be a gentlemen. An updated version would be on how to collect art.
Still,as an artist, I need to note what is being stated.
As someone who busted his budget for two VERY minor pieces of art ("1 1/2" by Hamaguchi and "Night Scene" by Escher), the art-appreciator in me wants to vomit from the numbers of people who'll be locked out of the considerable enjoyment that art brings because someone with excess folding-money thought it enhanced his portfolio.
BTW, not sour grapes, the only other things I want are "Three Worlds" (Escher again) and "In the Box, horizontal" (Ruth Bernhard) -- neither of which will ever be bid to more than the price of a car (I hope).
There's a gorgeous Modigliani nude that I've wanted for years. Saw it in a Show at the MOMA in New York City back in the 50s. It's owned by a very wealthy Italian family in Milan, I think, and this was the only time it had left Italy. Simply Not For Sale. So I bought a reproduction of it and have been happy with it ever since. Did the same thing with a Gustave Klimt [The Kiss}. Since the cost of either or both of these works is in the multi-millions, I could never have afforded them in the original. But I've gotten enormous pleasure from the reproductions over the years.
Makes me sound like a Philistine, but let's be practical. The end result is to be happy and feed your soul regularly. My motto is: if you can't afford something, enjoy what you have. I used to go to the Isabella Stewart Gardner Museum in Boston when I was in school. They have a Whistler portrait -- think it's called Madame X -- that is the essence of feminine mystery.