Art profiteering

Printed in The International Herald Tribune September 22, 2004
in the Letters to the Editor
Click here to view the letter as published on the The International Herald Tribune Website.

'Saatchi and the politics of taste" (Feb. 1) was an excellent musing about Charles Saatchi's motivations in buying art and orchestrating its rise in price, especially the work of the young British artists.

The article points to several faddish aspects common in the "modern" art market. First, the manipulative art market can result in enormous profits. Second, quite a lot of the work, particularly of the young British artists, is created with materials that will deteriorate long before art historians in the 22nd century can judge the art. And lastly, even the collectors can get bored viewing their purchases after a while and need a change

Ann James Massey
Paris, France