All too often, we fail at this basic art.

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The entire dark chassis may seem basic and highly minimalistic, but there are small intricacies like the chrome borders, hidden port covers, and wave-shaped hinges that just make this thing feel more like a computing piece of art than a basic bargain-basement PC.

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The basic rule for donations of art and collectibles is this: If you've held the work for more than a year and the recipient charity uses it in a manner related to its tax-exempt purpose, you can deduct the work's fair market value, while not paying the usual 28% tax on the appreciation.

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In 1992 when Visual Basic was just released, Epic made headlines with its state of the art thick client user interface based on Visual Basic.

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"I felt contemporary art had failed its audience on a basic level, " he concludes.

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State-of-the-art risk controls and professional supervision comprise the basic safety net investors and regulators expect from Wall Street.

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Throughout the streets, the scrawls, tags and basic shapes of traditional graffiti mix with elements of fine art.

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Hedge fund manager Chaudhri thinks basic economics augur favorably: Compared with the amount of Western art sloshing around, India has a relatively small body of post-independence work.

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