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Art as Commodities Trading in art is similar in some ways to dealing in other commodities; one is subject to the market pressures of supply and demand. Although art prices often vary more then commodities according to arbitrary, factors such as aesthetics, authenticity, condition, rarity and provenance.1 Yet even with such variances in value the popularity of art as a commodity remains. In all realms whether it is the artists, the dealers, the auction house or the collector's the art market is clearly flourishing. From 1987 through 1991, Japanese buyers alone spent more than $8.7 billion on art, and these are only the official trade figures.2 Nevertheless even with such vast amounts being spent on art there remains an uneasy relationship between art and money. The controversy laying in the question of what makes one piece more valuable than another and who decides such a value. This insistent need...

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