In response to my mini post concerning the auction house, reader Nick Johnston writes,
"Following the recent sales here in London of Picasso’s painting La Lecteur at c. £25m and now Bacon’s small triptych of Lucien Freud at c. £23m – both to vanish into private, anonymous collections I presume – it’s a salutary reminder that art can always be reduced by the global art trade to secure and lucrative personal investments. No doubt, in 10-20 years’ time, the same paintings will reappear in the major auction houses, and fetch even greater sums for their new owners. Can these works now ever hope to escape the celebrity status of becoming auction house blockbusters and be seen again as paintings, as ART – made not for money but for some kind of love – when the price tags threaten to eclipse them?"
This is partly a question of perspective. It could be argued their celebrity has considerably diminished their potential for being experienced as individual works of art - where they are approached in purely commercial terms, instead of as objects made by an individual, as works with their own historical context.