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	<title>Rethinking Markets &#187; Front Page</title>
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	<description>Economic Sociology from the Ground Up</description>
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		<title>Value and art, SK style</title>
		<link>http://www.rethinkingmarkets.org/2007/11/15/value-and-art-sk-style.html</link>
		<comments>http://www.rethinkingmarkets.org/2007/11/15/value-and-art-sk-style.html#comments</comments>
		<pubDate>Thu, 15 Nov 2007 10:44:09 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Art]]></category>
		<category><![CDATA[Front Page]]></category>
		<category><![CDATA[Prices]]></category>

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		<description><![CDATA[I participated in a panel earlier this week at Columbia called 'Unraveling the Art Market'.]]></description>
			<content:encoded><![CDATA[<p>I participated in a panel earlier this week at Columbia called &#8216;Unraveling the Art Market&#8217;. It was me, two incredibly insightful women from the Christie&#8217;s Art education program, and an artist named Steve Keene. <a href="http://stevekeene.com/home.html">Keene</a> does these paintings on wood in mass execution fashion, 60-80 a day, and he sells them for $10-$15 online, sometimes less in person. He was brilliantly engaging, and in the middle of discussions about the multi-million dollar secondary art market, it is worth thinking more about what he&#8217;s doing&#8230;</p>
<p>For him, the art is one continuous, giant piece, and he sells off little pieces of it as it becomes finished. Starting with bands in the punk music scene, his notion of selling the art is like the idea of going to a (bygone era) concert and having the band try to sell the 15-20 tapes they made to people in the audience. He noted that for many, buying his art was their first art purchase, and that when they leave their apartments, his art is maybe something that might get left behind.</p>
<p><a href="http://www.sothebys.com/app/live/lot/LotDetail.jsp?lot_id=4CYNL"><img alt="sk.jpg" title="LOT 613; AMERICAN SCHOOL 20TH CENTURY. FIVE PORTRAITS OF 'THE GROUP' : GEORGE WASHINGTON, 1ST PRESIDENT, JAMES MADISON, 4TH PRESIDENT, ABRAHAM LINCOLN, ZACHARY TAYLOR, 12TH PRESIDENT, THEODORE ROOSEVELT, ROCK. Copyright Sotheby's" src="http://www.rethinkingmarkets.org/wp-content/uploads/2008/05/sk-300x300.jpg" width="300" height="300" align="left" class="alignnone size-medium wp-image-167" /></a>Two of the more interesting features to note. First, people sometimes try to resell his work on eBay, which annoys him, since: 1) he doesn&#8217;t get the money for it (and he needs it); and 2) because his art is supposed to be what it is &#8211; cheap, mass. People who buy his art, as he says, sometimes get annoyed that it doesn&#8217;t increase in monetary value, since 1) this indicates that it&#8217;s not a good investment; and 2) it indicates that its cultural value is not rising as well. That is, price is assumed to be an indicator of cultural value. If it doesn&#8217;t get more expensive, how can we know it&#8217;s really good?</p>
<p>Second, once a few of his pictures landed in the hands of JFK Jr. When he died, the pieces were put into a sort of estate sale/garage sale of Kennedy stuff, at Sotheby&#8217;s (the sale is <a href="http://www.sothebys.com/app/servlets/EventServlet?action=browse_catalog&#038;event_id=27075">here</a> &#8211; reg required), and the lot (<a href="http://www.sothebys.com/app/live/lot/LotDetail.jsp?lot_id=4CYNL">here</a> &#8211; reg required) was estimated at $2000-$3000, and it sold for $12,000. SK was thrilled and hesitant, since he was not identified as the paintings&#8217; author but he didn&#8217;t want to tell them and have the buyer feel silly for buying something he sells for $5. Anyhow, it&#8217;s the clearest example of identifying the value of Kennedy provenance yet.</p>
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		<title>This is where to find my semi-daily jottings</title>
		<link>http://www.rethinkingmarkets.org/2007/07/12/this-is-where-to-find-my-semi-daily-jottings.html</link>
		<comments>http://www.rethinkingmarkets.org/2007/07/12/this-is-where-to-find-my-semi-daily-jottings.html#comments</comments>
		<pubDate>Thu, 12 Jul 2007 06:43:11 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Front Page]]></category>

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		<item>
		<title>These are the projects on which I am currently working</title>
		<link>http://www.rethinkingmarkets.org/2007/04/10/these-are-the-projects-on-which-i-am-currently-working.html</link>
		<comments>http://www.rethinkingmarkets.org/2007/04/10/these-are-the-projects-on-which-i-am-currently-working.html#comments</comments>
		<pubDate>Tue, 10 Apr 2007 12:21:41 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Front Page]]></category>

		<guid isPermaLink="false">http://rethinkingmarkets.org/2007/04/10/these-are-the-projects-on-which-i-am-currently-working.html</guid>
		<description><![CDATA[Futures Trading and Technological Change Where do Art Prices Come From? Pollution Markets and the EPA History of Risk]]></description>
			<content:encoded><![CDATA[<ul id="projects">
<li><a href="technology/"><img src="../../../images/futures.jpg" height="100" width="100" alt="Futures Trading and Technological Change">Futures Trading and Technological Change</a></li>
<li><a href="art/"><img src="../../../images/sothebys.jpg" height="100" width="100" alt="Where do Art Prices Come From?">Where do Art Prices Come From?</a></li>
<li><a href="pollution/"><img src="../../../images/pollution.jpg" height="100" width="100" alt="Pollution Markets and the EPA">Pollution Markets and the EPA</a></li>
<li><a href="institutional/"><img src="../../../images/CBOT.jpg" height="100" width="100" alt="History of Risk">History of Risk</a></li>
</ul>
]]></content:encoded>
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