A common question in the art world is what determines the value of an artist’s work. What makes one artwork sell for 10,000 and another for 10 million—or even 100 million? The correct answer is that it’s a lot more than simply talent or ability. It...
The price of a painting or a sculpture, which resembles the value of luxury real estate might astonish or even enrage the public, but the high figures have caught the attention of economists, investors, and bankers. Nowadays, art buyers not only acquire art for the...
The reasons for buying art are many. You could be a buyer looking to decorate a home and be surrounded by beautiful works. A second or third generation collector maintaining a family legacy. A professional or entrepreneur looking for an investment opportunity. Someone interested in...
Over the past decade, the art industry has grown dramatically. The long-termed, worldwide trend of increasing wealth, in addition to the growth in knowledge about the art world led to an increase in the number of people interested in collecting and investing in artworks. As the...