The price of art is not determined by a single random stroke. It is a combination of a number of factors, only some of which are listed here. Along with the subjective ones, there are also purely objective, economic, social and cultural factors, characteristic for the very time in which the work was created.
Here are five of the main factors for pricing the art:
1. The history of the artist and the history behind the art piеce – the artist’s participation in cultural events (exhibitions, festivals, etc.), as well as the legend of the work itself are of key importance. Are there any historical events associated with the work as well? This raises the importance and makes the art piece more significant for society.
2. The audience and the public taste and attitudes at the moment – Collecting in general shows exactly this preference of one style over another, of specific readings in art but not solely. There are always trends and buzzes that can actually affect the price.
3. Devotion and dedication to art in general – how developed the market is, is there already a habit in the audience to look for and see the great mastery.
4. The personal attitude of the artist to the work – emotional affection, dependence, sentimentality to the work on the part of its author.
5. The time – in this case it is not only about the time of production, but also about the time of aging. Unlike good wine, however, this motto is not always relevant for paintings, especially if they are political in nature. Older works left in the artist’s dusty studio can also become significant but mostly in rare situations when they are part of building the image of an already recognized and popular artist.
However, what can be determined at a glance is our desire to have this little ray of imagination that we receive thanks to the artist and which probably illuminated us only in a moment with its energy. The feeling that a work is a part of you, that it belongs to you, that through this artistic image you share a part of the endless impulse of the artist is really priceless. And, yes, sometimes we tend to pay a high price to keep it forever.
Photo: 5new collection, by Rada Yakova, ne me quitte pas, acrylic
size: 140×180 cm
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