Back to basics: Buying art for emotional reasons
“You’re fired!”, exclaims bad boy of British art scene, Damien Hirst, to his “employees”. Yes, even Mr.Hirst is suffering from the bursting of the high-end art bubble, brought upon by the recent implosion of the world’s financial system. So, after raking in around $200 million from sales in September, he is now laying off a large proportion of his staff. Now, these employees are not his backoffice staff or his publicists. No, they’re the workers who paint most of his “original” pieces — think, butterflies, colored dots, pills. If you’d like to read more about this, check out the November 22 article from the Guardian.
This brings me back to the title of this article. It turns out that the bursting art bubble may not necessarily be that bad after all. Three reasons. First, art that had reached stratospherically high prices, mostly due to financial speculation, is now suddenly much more affordable. Second, as people revisit their portfolios and their investment strategies, many are realizing that art makes a lasting and wonderful emotional and spiritual investment, moreso than a financial one. Third, a crisis always brings opportunity and innovation, and weeds out mediocrity. So, this is a great time to find great art from exceptional emerging and established artists who will still be producing art — not just because it sells, but because they have an emotional and spiritual need to do so. Much great art comes about in this way.

The first of our monthly art251 art seminars is set for later today, November 11. The Heritage Homeowners Association (HOA) in Keller has graciously opened the doors of its clubhouse to your friendly art251 owners for some serious debunking.
What better time than Election Day, a time that signifies change, renewal, optimism and hope, to release our bright new 






