Practice Quiz

AP Art History

Category - Later Europe and Americas

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The 600-percent increase in the average sale price of Jean Michel Basquiat's work from 1980 to 1983 was an example of:
  1. Art as a method of financial success
  2. Art as a process for raising money for a national government
  3. Art as a commodity
  4. Art as a method of charity fundraising
  5. Art as a means of increasing financial donations
Explanation
Answer: C - The 600-percent increase in the average sale price of Jean Michel Basquiat's work from 1980 to 1983 was an example of art as a commodity.

During this time period, the sale of art to the public became the leading driver of art production. The collection of art increased, driving up prices, and art became a commodity that appreciated in value. When an artist became in demand, the art was seen as an investment based on consumer demand.
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