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Art & Finance

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.

The Impact of Art

Tuesday, March 02nd, 2010 | Author:

So you think art is a luxury and it has no purpose to serve in society? I would rather differ here. Art is not just a mode of creativity and expression. It performs various functions in both negative as well as positive sense of the word. Great many artworks have contributed to the evolution of human civilization. Apart from depicting the unique culture of every era since ancient ages, art has also been influential in shaping up the course of the history. Art brings awareness to the people.

 

Art scores greatly, in its ability to present untold truths about humans in a very effective and unique way. Perhaps, these truths cannot be said in any other way. Art also proves instrumental in connecting people. Just go to an exhibition and you will find many people being able to relate to your thought about a particular artwork. That almost makes it a universal connection. If the idea conveyed by an artwork makes you take action, then the purpose of art is achieved. Now, would you agree to the potentially huge impact of art on humans? But before that, art must reach the public. The connoisseurs of art must be able to understand the true value of the art and get a drift of the idea contained by it.

 

One of the most beautiful things about art is that it can depict positive emotions like love, beauty, honor, and devotion as wonderfully as it can express fear, hatred, poverty and injustice. Both sides of the coin are equally meaningful. Both can have a profound impact on people. The viewers will always have a strong emotional response to the works of art. There have been countless instances of artworks helping in abolition of existing malice of society. Hope, this trend continues.