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Emperor's New Clothes

I was walking past an art gallery in Holywood last night, there is a picture in the window by Basil Blackshaw and it is priced at £18,500. It is too easy to take the piss out of this painting, if you are driving past Holywood take a detour, the painting is in the gallery on Church Rd. It looks like a green baseball hat turned backwards and sitting on a pile of iron filings. This guy is obviously talented, there are some much better paintings of his here. However does the fact that you once produced excellent work, mean that you can produce really bad paintings and still warrant extortionate prices?
I like nice pictures, there are often nice pictures in this gallery, they sell a lot by that Bradley artist, he does big bold contemporary bar scenes. His pictures are usually for sale around the couple od thousand mark, but I think they represent good value for money (if I had that sort of cash), they are big bold and easy to understand.
Perhaps you need to be immersed in the art world before you can understand it fully.