Many people are still confused about why some artworks cost an arm and a leg while others can be bought for a mere song. The question of the value of art has always been the subject of endless argument, though the answers to it are quite plain to see.
Price does not appear out of thin air. Instead, there is an array of characteristics and factors that determine the worth of art, serving as the basis for its evaluation at galleries and museums. Knowing how art is valued is the underlying principle for every professional art collector and art adviser. Now, let’s get straight to the point!