What happens when someone buys a room-wide installation?
James Turrell, "Bridget's Bardo" (2008). Image credit: Wallpaper.
Tim Schneider’s answer: What’s true in all cases is that acquiring an installation art piece really means acquiring the intellectual property. In art world terms, the IP translates to the right to exhibit the piece and all information needed to (re)build it on or transfer it to…
Continuing in the fine tradition I established two posts ago, here's another of my answers on Quora about the inner workings of the weird, wonderful world of the fine art market. Hope you enjoy.