What are the highest prices for video art?

by on January 23, 2011 at 7:33 am in Economics, Film, The Arts | Permalink

Bill Viola's Eternal Return sold for $712,452 in 2000.  The rest of the top ten is all by Viola, Nam June Paik, Matthew Barney, and Bruce Nauman, with the #10 work going for $234,814.  I like video art, but to buy it…to me that is one very expensive movie ticket.  I did, however, shell out for a Netflix subscription, so at the margin I can watch Black Narcissus for nothing.

The data are from the new and interesting book Art of the Deal: Contemporary Art in a Global Financial Market, by Noah Horowitz.

1 Scott Sumner January 23, 2011 at 6:49 am

Black Narcissus is a great, underrated film. But Netflix? It must be seen in glorious technicolor on the big screen.

2 Brian Holtz January 23, 2011 at 8:46 am

"That is one very expensive movie ticket."

Is the resale value of "video art" more like movie tickets, or more like static 2D art? What's the price of the most expensive piece of static 2D art in Tyler's house, and at how many meters is it indistinguishable from a print?

3 Troy Camplin January 23, 2011 at 1:05 pm

Here are my musings on this posting:

4 hiditi January 24, 2011 at 8:50 am

Just about anything by The Archers was brilliant (The Red Shoes, Life and Death of Colonel Blimp, etc). Hopefully Tyler has gone through their work.

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