What Influences The Value Of An Artists Work.
The golden question that keeps getting asked. What makes the value in the artist’s work? The most obvious answer of course like many things would be the price its being sold for and the price that a buyer will pay for it. But is this the complete story?
By Iain Hammer
Many people ask us the question what makes the value in the artist’s work? The most obvious answer of course like many things would be the price its being sold for and the price that a buyer will pay for it.
However in reality In the world of art the true answer is a lot more complex than this.
Art is possible one of the most subjective commodity’s in the world which means of course that its value is also subjective and heavily influenced by one’s personal feelings, tastes or opinions. That said there are many factors that influence the value of an artist’s work that go far beyond the cost of materials and the time taken to produce a masterpiece. This recently illustrated with the sale of Salvator Mundi, the long-lost Leonardo da Vinci painting which was commissioned by King Louis XII more than 500 years ago in around 1500 and presumed lost until early this century.
This demonstrates there is a lot more at play than simply talent or ability alone and illustrates that value in the respect of Art is heavily linked to Perception of value in the eyes of the collector.
Over the coming articles we will be revealing the different Factors we look for, factors that influence this perception and play a major role in boosting an artists value.