In today’s modern age, art has become more valuable and profitable as many wealthy individuals, including the government, are known to spend tens of millions on works of art. However, this is happening simultaneously as a large part of the population around the globe grapples with poverty, which has spared a debate on where the money needs to go. In this essay, I aim to explore both sides of this intricated dilemma and provide relevant examples.
On one side of the coin, there are several justifications that support the perspective of investing large sums of money into art. Firstly, historical art pieces by renowned artists such as Van Gogh, Da Vinci, Monet, etc. are considered as valuable assets. Some of them are protected at museums while others are auctioned and purchased by well-off people. These artworks not only serve as a symbol of prestige and understanding of artistry and culture but can also be used to raise money for various charities through auctions organised by reputable organisations. Secondly, if the pieces are more recent, chances are they were commissioned by present artists. These can be from the government which wants to show off the nation’s economic status by having new and advanced buildings, monuments or statues, which can ensure the artists’ income.
On the other side, certain backlashes are presented when wealthy figures choose to invest in pieces of art than millions of people living in unprivileged status. While actions are normally organised as a front to charity events, only some of the money actually goes to places in need. Primarily, the government should focus its resources to satisfy the basic necessities of the population, especially those suffering in poverty. For example, adequate meals, proper housing, appropriate medical assistance, equal education and employment. If a country can serve its citizens and provide security to everyone, the world will learn and follow suit. From that, people will have the chance and resources to create more art, which not only preserves their cultural and ethnic identities but also makes a profit from their works.
In conclusion, although spending huge amounts of money on beautiful art can provide certain outcomes for investors, it does perpetuate the widespread poverty across the globe. In my opinion, governmental intervention is vital in addressing this issue and enabling a more equal and healthy life in addition to individual responsibility.