Many art collectors must eventually resort to what I refer to as the Bigger Fool Theory.
That is, the sobering prospect of some bigger fool coming along to bail you out of a purchase you may have made about which you really know little.
Most collectors buy by name and price tag; with their fingers crossed because they’re in a minefield they truly cannot comprehend.
A point: The silk screen process, that’s become so popular thanks to Andy Warhol popularity. had never been considered an original artistic process in the past. An artist has no strict control over such finished products, yet the collecting public no longer seems to care.
Today, collectors buy this type of work because of the name associated with it and forget about the true meaning of the originality process. ( See the Earl J Weinreb NewsHole® comments.)
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