As the statement stands, false. This is clear to me when I look at the contrapositive (or is it converse?): Everything created with an expectation of material compensation should not be art. IMO, everything one does/creates should be approached as art, regardless of material compensation.
However, reading through the comments, I think the focus is more on the compensation and expectation side than the art side. There are two aspects I see to this, what is and what ought be.
In the 'what is' category, I think art, like any other endeavor in this day and age, should be created with an awareness of the market forces in play. The artist should expect no material compensation if they're creating something for which there is no demonstrable demand. This is balanced against the demand generation activites of the artist (marketing, networking, etc.) and the artists belief in the worth of their product contrary to the current market indicators (i.e. people don't yet know that they need it, but they will demand it as soon as they become aware of it). The proposal modification for this would be 'Art should be created with an appropriate expectation of material compensation (whether high, low, or non-existent).'
In the 'what ought be' category, I think art should be compensated materially. How one goes about this is a very tricky endeavor. Were I emperor of the universe, I would give every one (i.e. all who filed their taxes) a yearly stipend that had to be spent on Art. While the logistics of administering and auditing such a thing would be complicated, it would not be impossible.
no subject
However, reading through the comments, I think the focus is more on the compensation and expectation side than the art side. There are two aspects I see to this, what is and what ought be.
In the 'what is' category, I think art, like any other endeavor in this day and age, should be created with an awareness of the market forces in play. The artist should expect no material compensation if they're creating something for which there is no demonstrable demand. This is balanced against the demand generation activites of the artist (marketing, networking, etc.) and the artists belief in the worth of their product contrary to the current market indicators (i.e. people don't yet know that they need it, but they will demand it as soon as they become aware of it). The proposal modification for this would be 'Art should be created with an appropriate expectation of material compensation (whether high, low, or non-existent).'
In the 'what ought be' category, I think art should be compensated materially. How one goes about this is a very tricky endeavor. Were I emperor of the universe, I would give every one (i.e. all who filed their taxes) a yearly stipend that had to be spent on Art. While the logistics of administering and auditing such a thing would be complicated, it would not be impossible.