What Makes Art Valuable?

What Makes Art Valuable?

Getting the value of art is quite an intricate matter. It is quite difficult to place a particular value on it. However, over the years, some pieces of art have gained immense value and have been sold for astronomical figures all around the world. It is quite important to take note of how these pieces of art acquired their immense value and why other pieces of art do not have the same value as the top ten most expensive artworks in the world.

To begin, the artist is the most important person that gives value to an art piece. Names such as Picasso and Rothko add immense value to artworks because of the reputation that they already had when it comes to art. Such people were masters in their trade and always gave masterpieces for those that were interested in their collections. The stories behind their artworks were simple, but at the same time complex and intertwined with several others.

The owner of an artwork also increases its value by huge numbers. If a member of the society is, say a billionaire, he or she is bound to have a name that is value in itself. However, when the said individual lends his or her name to a particular art, the value of that painting skyrockets as a result of the association. To make matters even more appealing, if a piece of art is done by a known artist, then it gets to the hands of a known person, such as a billionaire businessman, as its owner, if the billionaire owner decides to sell it, it will gather so much money and value. The value of the artwork comes from not only the artist, but also the owner.