There are lots of ways one might get value from a piece of Art one acquires.
At the high end, part of the value of a million dollar piece of Art is in being able to brag that you spent a million dollars on a piece of Art. Sometimes it's just decor, masses of color, tone, and line that appeal to you and which match the couch. Sometimes Art makes you think, or amuses you, or delights you in some way. Perhaps a piece of Art reminds you of something, or someone, it sparks a poignant memory. If you made the Art yourself, or if you personally know the artist, there are myriad personal connections which might have value of one sort of another.
Good Art makes you think, enlarges you, creates an "art-like experience" and is rare. There is a thing, which is not common, and which has this uncommon effect on us, and we have decided to call that rare thing Art. This is, ostensibly, what the million dollar piece does, and which it sometimes does (in part, because of the price tag.)
Setting aside the matter of personal connections, if we assume that we're looking at some Art made by a stranger, we're mostly likely to value a thing in roughly the same ways. There may be outliers; for you, since the girl in the picture reminds you of your first wife, the picture takes you much differently. But for the other 10 of us over here, we kind of look at it much the same way.
There is a thing photographers do. I suspect all artists do it, but since there are so damn many photographers, and because I attend far more to photography than to painting I notice it more among photographers: they overvalue their work.
There are roughly a billion web sites out there with some photographer, styling himself (rarely, herself) a Fine Art Photographer, and offering fairly expensive photographic prints.
Usually these things are landscapes, less often they are "street", almost never are they anything else.
What kind of value does one get from one of these things, if one buys them?
For the most part, they are decor, I think. Landscapes don't have much choice here, basically they can be pretty, or they can be sublime, and sublime is really hard. Street photography that sells (or at least which is popular) is graphical and cute. It's decor. It goes with the couch, it's appealing, it might be slightly amusing.
So why is it offered in canvas wrap for $700 or whatever? You might as well buy a poster. It will cost you far less, but yield the same (or better) value.
This is a variation on the "you get no credit for working hard" theme that gets talked about a fair bit. It turns out, most photographers do want credit for their hard work, or their not so hard work, or their m4d skillz.
This brings us around to what got me started on this. Over of ToP, Mike did a recent print sale of Ctein's work. Mike discusses the photos that were up for sale in this post.
The one that really got me was the Christmas Lights picture.
I am sure it looks fantastic in print. I am sure it was very difficult to make. Far be it from me to judge if Ctein wants to spend his time making that print, and far be it from to judge if people want to purchase that print.
But it's friggin' christmas lights, dude. It's decor, and kind of weird decor at that. Whether it's worth $169 or not is entirely up to you, that's a genuinely pretty low price as these things go.
Mike, being in love with printing and the solutions to difficult printing problems, seems to me to be overvaluing these prints.
We are being asked, here, as we are on the web sites of endless Fine Art Photographers, to imagine that these essentially decorative masses of color and form are, in some un-articulated way, more than they actually are. There is a Category Error in play here. I suspect that all these photographers are hoping that their work has more weight than it does, they want to to carry whatever it is that Serious Art has, and thereby to be valuable.
They are, generally, wrong. These are frequently lovely pictures, and in many cases were very difficult to make, but they do not carry any of the je ne sais quois (except I jolly well do know what) of Important Art.
They have many appealing properties, but they do not have that.