Valuation of Art

Author(s)	Miss Pari Gupta
Country	India
Abstract	Art Valuation is a systematic system of financial valuation that depends on a large number of objective as well as subjective factors. As a result, the value can vary greatly making the art market an extremely unpredictable field. Some of the factors that it depends on include the reputation of the artist, origin date, the artwork’s ownership history, state of preservation, dimensions, medium, demand, and recent sales data. However, it is subject to constant fluctuation depending on the market dynamic and the level of interest in specific artists or art styles. Another important factor that has resulted in the significant rise in the prices of artworks is the increase in publications of books and research papers based on artworks. This has helped to increase consumer awareness as well as brought a number of artists back in the limelight. Art valuation also plays diverse roles in art, including financial, legal and cultural prospects. It is significant for several reasons like investment, insurance and many more.
Keywords	Art, Valuation, Market, Factors, Artists
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-10-27
Cite This	Valuation of Art - Miss Pari Gupta - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.7973
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.7973
Short DOI	https://doi.org/gszvht

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International Journal For Multidisciplinary Research