So the ideal for the blog grew out of the notion private collectors and corporations have what I call "pocket collections" of art in reference to similar terminology used by real estate agents used to describe upscale properties shown to potential buyers and other agents to produce a "buzz" on the property. The fact that these collectors release a portion of their collections for gallery exhibitions and showings creates a buzz in the art world by most museum curators and historians causing them to ponder the question "what other works of art are in your collection?" This notion that certain works of art are for certain eyes only delineate status and significance to not only the viewer, but to the art being shown and the owner of the art itself.
We will also look to explore how social factors such as money, prestige, and power have changed the way in which art is not only being collected, but how it is being valued and sold. The rise of the billionaire culture and the growing nouveau riche has created a rift in the art collection world by differentiating who collects art from the artist themselves, private showings, or world class auction houses. After all, I would venture to say no one drops $140 million on a painting(the rumored price of Jackson Polluck's No. 5 at auction pictured below, bought by Brazilian billionaire Eike Batisa) if it is not about money, prestige, and power. We will look to investigate how the billionaire businessman has overpriced and bloated certain works of art because of the price paid for paintings and sculptures( just because I can pay $100 for a toothbrush doesn't mean it's worth $100 dollars) to inflate their personal status and prestige in society.
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