Yeah intresting thread FE, Its these kinda people that have serious amounts of ££'s & spending it on "Art" as i belive this is called need a reality check, if it was a famous painting then it is a classic piece but although the artist in question has made some art i doubt i could class this as..
Most people have differing views on what is "art".
Personally I wouldn't want one of Damian Hirst's pieces cluttering my house, but conceptually they are very interesting and thought provoking, although I wonder whether the new owners put any thought into their new works, or just put them in a warehouse and hope they increase in value.
One of the most interesting "modern art" is created by Jake & Dinos Chapman. Their exhibition of Adolf Hitler's paintings vandalised with hippy motifs was very clever, and the large installation F*****g Hell, a series of cases containing realistic battle scenes made of toy soldiers and childrens' figures is shocking, but necessary in these times where violence is glorified in all media...