Market transaction

“To repeat, the economist defends the position that market performance and quality in the arts largely corresponds. Thus, on average, artists get what they deserve. If they suffer, it’s because the quality of their work is low. On the other hand, the art world defends the position that quality in the arts exists irrespective of market performance. Artists may suffer because they lack market income while they are indeed making great art.” Abbing, H. Why are artists poor? The exceptional economy of the arts, pp. 58, Amsterdam University Press, 2002.