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mwengler comments on Friendly AI ideas needed: how would you ban porn? - Less Wrong
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I doubt that that works. What makes you think there are no rich guys who want to see pornography? They will simply buy it at the $1000 price.
I can think of no reason why price discrimination would favor "art" over porn.
A "few" rich guys buying (overpriced) porn is unlikely to sustain a real porn industry. Also, using rich guy logic, it is probably a better investment to buy the sculptures, paintings, art house movies etc, amuse yourself with those for a while, then sell them on. Art tends to appreciate over time.