Casper asked this question on the artcone forums: This has always puzzled me. Why does abstract art sell for as much as, or more than, figurative art?

Whenever I go into an art gallery or art auction I’m always blown away by the price tag put on the abstract art there. Much of the work is very simple, so much so that someone just starting out with art could have created it.

As an illustrator I’ve had to spend literally thousands of hours practicing to get my skills where they are today. I find it disheartening to see abstract pieces selling for as much (or more) than pieces which obviously have years of effort and dedication behind them. I feel it cheapens the artist’s efforts to consider their work as equal.

Is that wrong? Why is abstract art not cheaper?