We all know the bumper sticker wisdom that can be politely translated with the phrase "poo poo occurs." That's the sense with which I titled this commentary, Depreciation Happens. The other day I opened a box in the attic and found a Minolta Hi-Matic 9, a 35 mm camera that was originally manufactured in 1966. On eBay, if I were lucky, I might get $20 for this used piece of gear. That got me thinking about all the things I've purchased in my photographic life, not a single one of which has appreciated in value, not even my artwork. The art life is a privilege we must be willing to pay for.

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