Thursday, March 25th, 2010 | Author:

Art is one of the most wonderful forms of creative expression. Artists all over the world have used their talents to express their innermost feelings. The popularity of art knows no boundaries. We have kept witnessing beautiful works of art over the centuries. Apart from being a mode of expression for symbolism and creativity, art also helps in expanding the reach of mind. So now, keeping these views in mind, can we calculate the value of an art work?

 

With changing times, art has also witnessed a significant change and that is most evident in its practical side. Art has become a huge business in last few decades. It is no more just a tool in the hands of creative people. Art has got huge financial sides to it. One must have come across news of famous paintings fetching millions of dollars in auctions. People purchasing these paintings are no fool. They have got their return on investment in minds. Any work of art goes through different values during course of time. If there is an environment of instability or an artwork gets all bashed up in media by the critics, its prices tend to drop.

 

The value of a work of art is subject to many factors. The name of the artist, present condition of the art, negotiations, awards won by it, overall quality etc play a major role in deciding the amount a buyer is willing to spend on a particular artwork. It is also true that predicting the future of the art market is very tough because of several variables. It is almost like a fad. What is in demand today might be rendered obsolete tomorrow. All these factors make it imperative for the artists to consider all the buying, selling and trading aspects pertaining to an artwork. Business consultants or expert dealers can prove to be very useful in deriving the exact value of the artwork.

Category: Art Market
You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.