Quotables from The Economist, “Why Buy Art?”:
Other collectors in the queue will torture themselves, worrying about who is considered more worthy
The term most commonly used by collectors, however, is that buying art gives them a “high”.
“Some collectors always want what other collectors want,” … “‘Thou shalt not covet thy neighbour’s wife’ is the commandment that most confuses collectors.”
Several factors fuel the sense of regret.
[S]elling art has a long association with debt, death and divorce. No one wants to look like they need the money.
“When I don’t buy anything, the fair feels dull. Buying makes you feel connected to what is going on.”