My point is things like this are why people "outside the scene looking in" see it as nothing but millionaires losing a bet, money laundering, or some form of joke rich people pull just because they can. "Look how rich I am. I can spend $35m on an unpainted canvas." [0]
I have respect for two things: Things that require such skill that other humans are not able to trivially reproduce it and things that are so damn simple that it is amazing it took us 10s/100s years to figure it out.
I feel there are two schools of thought. Those who "get" modern/contemporary art and those who don't.
Those who do say: "Yeah, you could have done this. But did you?"
Those who don't say: "I don't think I'd get paid $10 million for a 20ft canvas covered in my own feces and I don't think any reasonable person would. So they don't."
Looking back, I should have used a less criminal/more light-hearted example to try or made a better attempt at illustrating where I stand on these things.
[0] At least I hope this hasn't happened and there was at least some paint on them. [1]
[1] But a redditor did hang up 3 blank canvases on their wall out of laziness and others saw "art" in it. So there's that at least. http://i.imgur.com/oTKPb.png