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Paul Graham on Ambition, Art, and Evaluating Talent
Conversations with Tyler
Most art is undervalued
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The art market heavily favors fashionable contemporary pieces, often driven by affluent buyers seeking status rather than genuine artistic value. Prices in high-end art auctions are influenced by just a few bidders, leading to inflated prices for well-known artists. In contrast, many talented artists remain undervalued and overlooked. This disparity allows savvy buyers to acquire quality artworks at relatively low prices, as the market is saturated with hype-driven contemporary art that absorbs most available funds. Consequently, while universally recognized artists like Leonardo are generally not undervalued, a multitude of skilled artists whose works are less recognized are consistently undervalued.
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