Art Quote by Felix Salmon
“Currencies are things that you use to pay for other things; commodities are things that you buy. If art is going to be one or the other, it's going to be a commodity, not a currency.”
About This Quote
Source Interview: Bloomberg Markets, 2020
Distinguishes currency (exchange medium) from commodity (tradeable good), asserting art fits the latter.
In simple terms: Art is a commodity, not money.
Treat art as a tradable asset.
Themes
Mood
Type
When to use this quote
- gallery pricing
- artist contracts
- investment portfolios
- collector decisions
Key Concepts
Questions to Reflect On
- How does treating art as a commodity affect its cultural significance?
- Can monetary value capture artistic worth?
Art's emotional value may resist commodification.