You're quite right - there are several "completions" of sketches/unfinished works by Mozart (completed by Philip Wilby) and Schubert (completed by Brian Newbould) - but these haven't reached the regular repertoire to the extent that Payne's Elgar has - quite simply because they are neither successful evocations of the original composers' individual soundworlds, nor particularly interesting as individual pieces of Music. (And there's Berio's re-working of Schubert, which does something different again; with no attempt to present what Schubert might have written had he completed the work.)
Payne's work is a successful Symphony that has captured the imaginations and affections of many listeners, all of whom are aware that they're not hearing a work "by" Elgar, but rather one "based on" Elgar's sketches and his "style" and working methods - the provenance is very clear; Payne's name appears in large print on the Score cover, record sleeves, and concert posters & programmes; and his working methods are made analytically clear, bar-by-bar in the book he wrote that Pet linked to.
And that is the answer (or my response, at any rate) to your "Basic Question: Why?" - Because a valuable work of Art has resulted.
Payne's work is a successful Symphony that has captured the imaginations and affections of many listeners, all of whom are aware that they're not hearing a work "by" Elgar, but rather one "based on" Elgar's sketches and his "style" and working methods - the provenance is very clear; Payne's name appears in large print on the Score cover, record sleeves, and concert posters & programmes; and his working methods are made analytically clear, bar-by-bar in the book he wrote that Pet linked to.
And that is the answer (or my response, at any rate) to your "Basic Question: Why?" - Because a valuable work of Art has resulted.
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