Why Is Art So Expensive?

What makes a painting worth millions of dollars? In this episode of Crash Course Art History, we’re looking at the history behind today’s art industry and how we determine an artwork’s financial value. We’ll also learn how the big business of buying and selling art runs on imperialism, and how people in the art world are fighting back. Crash Course Art History: Episode #19 Introduction: Million-Dollar Paintings 00:00 Patronage 00:53 The Free Market 01:55 Appraisal 03:59 Colonialism & Art 06:17 The Gallery Industrial Complex 08:10 Review & Credits 10:07 Image Descriptions: https://docs.google.com/document/d/1ETiCxe4GrVzFii7dBhF42oHx1EUCCh5y12wbtUjsH8A/edit Sources: https://docs.google.com/document/d/1GW2NKzhpMNMmRyAFJVhFJG9cSfUOMRL-QrcWuHcWcIA/edit?usp=sharing *** Support us for $5/month on Patreon to keep Crash Course free for everyone forever! https://www.patreon.com/crashcourse Or support us directly: https://complexly.com/support Join our Crash Course email list to get the latest news and highlights: https://mailchi.mp/crashcourse/email Get our special Crash Course Educators newsletter: http://eepurl.com/iBgMhY Thanks to the following patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Emily Beazley, Brandon Thomas, Forrest Langseth, oranjeez, Rie Ohta, Jack Hart, UwU, Leah H., David Fanska, Andrew Woods, Ken Davidian, Stephen Akuffo, Toni Miles, Steve Segreto, Kyle & Katherine Callahan, Laurel Stevens, Krystle Young, Burt Humburg, Scott Harrison, Mark & Susan Billian, Alan BridgemEmily Beazley, Brandon Thomas, Forrest Langseth, oranjeez, Rie Ohta, Jack Hart, UwU, Leah H., David Fanska, Andrew Woods, Stephen Akuffo, Toni Miles, Steve Segreto, Ken Davidian, Kyle & Katherine Callahan, Laurel Stevens, Krystle Young, Burt Humburg, Scott Harrison, Mark & Susan Billian, Alan Bridgeman, Breanna Bosso, Jennifer Killen, Sarah & Nathan Catchings, Jon Allen, Bernardo Garza, team dorsey, Trevin Beattie, Eric Koslow, Indija-ka Siriwardena, Jason Rostoker, Ken Penttinen, Siobhán, Les Aker, Barrett Nuzum, William McGraw, Vaso , Nathan Taylor, ClareG, Constance Urist, Rizwan Kassim, Alex Hackman, kelsey warren, Katie Dean, Stephen McCandless, Wai Jack Sin, Ian Dundore, Caleb Weeks __ Want to find Crash Course elsewhere on the internet? Instagram - https://www.instagram.com/thecrashcourse/ Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse CC Kids: http://www.youtube.com/crashcoursekids