Artwatch UK

Posts tagged “Andrew O’Connor

Art’s Toxic Assets and a Crisis of Connoisseurship

30 September 2014

“Buy land”, Mark Twain advised, “they’re not making it anymore”. This logic ought to apply to the old masters but does not. Land makes sound investment not only because of its scarcity and its potential for development but because, in law-abiding societies, it comes fixed with legally defendable boundaries. Karl Marx, plundering English classical economists, held that all value is unlocked by human labour – but all labour does not generate equal values. In given periods and places all painters work pretty much with the same materials but their artistic transformations of those materials are various and unequal in accomplishment and merit. Such differences drive reputations and hence the market value of artists’ works but they do so in ways that are intrinsically problematic.

Artists’ reputations may or may not endure. With many surviving works the identities of authors are either not securely established or entirely unknown. In such cases paintings are appraised and then attributed to particular artists or schools. Attributions, however, are neither guaranteed nor immutable. They are made on mixtures of professional judgement, artistic appraisal, art critical conjecture and, sometimes, wishful thinking or deceiving intent. They remain open to revision, challenge, manipulation or abuse. The experts who make attributions exist in professional rivalry with one another (sometimes with vehemence) and while their disagreements are signs of art critical health, a consequence is that legal guarante