I like modern art. Truly. Then I see the price tag and I go "WTF?" There seems to be a big disconnect between art, quality and price. I don't know why people pay millions of dollars for this sort of art.
Its suppose to be a painting of an aquarium - it looks to me like a fish chewed up by the filter system. Drawn by a four year old child - its fetching prices upwards of US$40,000.
Is that art? But who cares? If people want this sort of stuff and are willing to pay for it - whose to say it isn't?
Why they would pay loads of cash for this is beyond me. I'm particularly annoyed by the local town councils who spend millions of dollars of public funds onto extremely "cutting edge" types of modern art. To me its just junk - but to others, its has a post-modern analysis intermingled with a distinct feminist discourse against the male patriarchy framed with the pan-socialist thesis of (a leading philosopher), especial regard to the War in Iraq and the Chinese imprisonment of the Dalai Lama, in a neo-colonial world. But honestly, look its just a big rusty nail welded poorly to a park bench.
Anyways, I prefer more traditional art be it Da Vinci, Copley, Rembrandt, Renoir, Monet, Reuben, Waterhouse, Art Nouveau the pre-raphaelite artists, etc..
Doing this sorts of art masterpieces takes real skill - the rest is just conjecture.