Abstract

This research paper explores the impact which the economic conditions of capitalism have had and continue to have on art. Through analysis of various case studies and other examples of the predatory nature of capitalism being expressed in the art world, the paper highlights the issues brought about by the commodification of art, such as the diminishing quality and authenticity of works of art. The paper also investigates the role of the art market, and how it derives the value of art from the status of the artist rather than artistic merit of the work. Research into the economic conditions of artists is also presented, highlighting the necessity of status in living as an artist. This research is presented with the hope that there can be a reevaluation of the relationship between capitalism and art while advocating for alternative approaches that prioritize the intrinsic value of art rather than its monetary value.