It’s a shame that many artists can’t have their cake and eat it, too. But many internationally recognized artists today, whose paintings sell for millions upon millions, were not all that popular in their own time, particularly with the art community.
For example, Matisse, “whose ‘The Woman with the Hat’ sparked controversy at the 1905 Salon d’Automne – not because of its fairly conventional subject, but because of the way its subject was depicted: with crude drawing, sketchy brushwork, and wildly arbitrary colors that create a harsh and dissonant effect.” (Stokstad, 1068)

“Woman with the Hat” – Henri Matisse – http://www.abcgallery.com/M/matisse/matisse80.html
And yet, Matisse’s paintings are easily worth in the millions today. Why? Because of the painting’s rarity? Or because that artist dared to defy the more elegant style in favor of a rougher work, thus breaking free of tradition? Rebels are always seen as heroes by some, but unfortunately, many artists, like Matisse and Picasso, were ostracized by many in the art community, even their own friends. (Stokstad, p 1078)
Yet today, paintings by the revolutionary modern artists such as Picasso and Matisse and Salvador Dali are selling for millions of dollars. For example: “ ‘Girafe en feu’ (Giraffe on Fire), a large gouache on paper signed by Salvador Dalí in 1937 belongs to the early phase of Surrealism, rarely seen at auction these days,” writes New York Times writer Souren Melikian. “Sotheby’s gave the rare work a $150,000 to $200,000 estimate. Obviously too low, it could easily have been doubled. But the best specialists never imagined that it might end up at $1.87 million, and set an auction record for any work on paper by Dalí.” (NY Times)

“Girafe en Feu” – Salvador Dali” – http://img2.allposters.com/images/CFJ/1355.jpg
Melikian’s article, “With Top Quality Offerings, Sotheby’s Nets $181 Million,” tells of how a collection of paintings is selling, sometimes surprisingly high.
“Moments later,” she adds, “a price that was almost as astonishing was paid for a Fauve view of the harbor at Collioure painted around 1905 by André Derain. Unlike Derain’s usual Fauve landscapes which are painted in broad, juxtaposed colored areas, “Barques au port de Collioure” is done in well-spaced short strokes allowing the white ground to appear. This technique could have paved the way to pure abstraction, but Derain did not choose to explore that avenue any further. Fascinated, bidders ran up the rare Derain to $14.08 million, setting a world record for the artist.”
It’s moments like these when I’m sure many artists wish time travel were possible. When a painting becomes rare after many years, or presents some revolution for that time period, the price goes up and up, until many paintings, like the nearly $30 million “The Apostle James the Major” by Rembrandt (Telegraph.co.uk), are growing close to a hundred million dollars.
“There were a few more extravaganzas,” continues Souren Melikian. “An abstract composition of geometrical figures from Kandinsky’s Bauhaus period done in 1932, “Krass und Mild” (Dramatic and Mild) realized $10.61 million, and one of Picasso’s cartoon-style pictures “Buste d’homme” (Man, Head and Shoulders) dashed off on Oct. 15, 1969, cost its buyer $10.38 million.” (NY Times)
Well, I guess it does pay to be an artist. If the time is right, that is.
Sources:
NY Times Article: http://www.nytimes.com/2009/11/06/arts/06iht-melik6.html
Stokstad, Marilyn. Art History: Volume Two. Pearson Education, LTD.
Telegraph.co.uk: http://www.telegraph.co.uk/culture/art/3650925/Art-sales-old-Master-seeks-new-owner.html