In Praise of Sky High Art Auction Prices

Read the headlines: The auction prices are rising for top works of art! And guess what, the scolds are out. There are three arguments that the scolds use to bemoan artworks publicly selling for outrageous sums. Each of these arguments are backward and terribly wrong. When art sells for high prices and grabs headlines, the clucking negativity begins from those who believe they know best. But lovers of art should tune them out and celebrate. Let's look at (and debunk) the fallacious arguments maki...