In an ideal world, the price tag associated with a particular piece of art would truly reflect the work and craftsman ship that went into making it, as well as the overall quality of the finished product. No doubt subjective either way, that is often times not the case when it comes to fine art.
Subsequently, it's all pretty much a massive price-fixing scheme benefiting collectors with deep pockets, all while excluding lesser-known, up-and-coming artists.
In the latest episode of comedian Adam Conover's truTV series, Adam Ruins Everything, Conover delves into exactly how the fine art market is an unfortunate scheme. "The world of fine art is manipulated financially AND extremely exclusive!," the description reads, so press play above to hear Adam's argument.
Following, see below as contemporary artist Daniel Arsham talks about how his art has attracted collaborations with Pharrell, adidas and more.