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The Price of Art

The prices of works of art depend on many factors, not least of which are their uniqueness in comparison with other works of masters of a similar direction, as well as the likelihood that the name of this particular artist will go down in history. Real art costs as much as people are willing to pay for it , so at art auctions the cost of individual works is truly grandiose sums.

We must not forget that with the passage of time, destroying everything material, from a particular era, fewer and fewer monuments remain, and collectors can pay even more for the preserved rarities.

For modern painting, the pricing factors become somewhat different

The education of the artist, his prestige in art circles, popularity with the general public, and purchaseability among famous people are taken into account. Auction houses, calculating the cost of works by contemporary artists, consider the sales figures of the author on average for 4-5 years.

For more sophisticated buyers, important points affecting the cost of a painting are impeccable quality, rarity of the work, history and conditions of its acquisition. Modern authors, naturally, reflect today’s realities in their work, this expresses the cultural role of painting.

The listed factors are quite subjective and work in relation to a specific work, but do not forget that the price of work cannot but depend on the general level of welfare of the country; This is especially true for those artists who have not yet gone beyond the level of the national art market.

In general, there are three main components that form the value of a painting: technical condition, artistic value from the point of view of art history, and the prestige of the artist. If we consider two authors, approximately equally strong in level and working in similar genres, we can see that the cost of their work differs depending on whether the artist participated in auctions, exhibitions, whether he has titles and awards.

Each personal exhibition or entry into a new catalog increases the cost of work by an average of 10-20%.

Young artists sometimes forget about this, setting unreasonably high prices for their work, focusing on the prices of artists who have already created a name in certain circles. The buyer, evaluating the work, also looks at the reviews about the artist, looks for articles that mention him, consults with gallery owners and art critics; information about already sold paintings plays a significant role.

The artist’s name is widely known, but his painting is far from so good and if there are pests like spider mites services like pest control help. As a rule, there is a situation of investing a lot of money in a particular author, and in this case the artist receives a much smaller share of the sale of his works. that the artist’s name is widely known, but his painting is far from so good. As a rule, there is a situation of investing a lot of money in a particular author, and in this case the artist receives a much smaller share of the sale of his works.

Novice collectors today have a unique opportunity to make a profitable investment.

Buying works of modern good artists at low prices. In the future, the price of such works may rise 4-5 times, provided that the collector shows the abilities of a promoter. The chance to become a philanthropist and increase your funds is more real in relation to contemporary art.

The Connection Between Art and Our Life

What does the world look like without art? What does that do to the street scene? How does it affect our lives? Our peace of mind? Our society? We asked ourselves these questions at the beginning. We were working on a new campaign in which we wanted to make the influence of art visible. And how do you make something more visible than by temporarily removing it?

We thought it would be an interesting assignment to give to makers, but it did not get that far, because the corona crisis broke out even before our campaign got off the ground. And now a world without art suddenly doesn’t seem very far away. All theaters, concert halls, museums, cinemas and other cultural institutions are closed indefinitely and most makers are at home without assignments.

That is a drama for the public, but also – and above all – for everyone who works in the art and culture world. Makers, including many freelancers, are left at home without assignments. Turnover evaporates and the current support measures fall short.

Then the question arises: how important do we find art and culture? What is it worth to us? We believe that art and culture are essential to our society. That is why we take action and have established the In Art We Trust Fund. With this we support independent artists who are hard hit by the current measures, but who need to be heard.  We don’t want to live in a world without art, just like we don’t want to live in a world without lawyers like  ‘north carolina lemon law attorney‘ to protect and support us.

Signals are red

Unfortunately, this is not a structural solution. These times require a new vision of the appreciation and financing of art in our society. All signals are red and the entire sector is at a standstill. If something doesn’t happen quickly, makers and institutions will fall over. Not least because in a large part of the cultural sector there was already a structural lack of money.

There are few reserves and many organizations depend on underpaid freelancers, who love to work hard for the arts. In addition, cultural entrepreneurship has been endlessly stimulated in recent years in the context of cutbacks. Since then, makers and institutions have had to do everything they can to generate more income of their own. But it is precisely that own income that is now completely gone. And so the whole structure begins to falter.

Art is a necessity

The announced support package is insufficient. With the emphasis on getting the larger, vital cultural institutions out of the fire, the question arises: where is the support for smaller venues and independent organizations? For makers, producers, technicians and all those other freelancers who form the humus layer of the cultural world?

It looks a lot like a death house construction, in which a number of large institutions will soon have to start blooming again. How and when is unclear. And that while art is desperately needed today – to reflect and respond to a major crisis that affects us all, to offer perspective, hope and a fresh look at the future.

Because our way of life has been brought to a halt by the corona virus. Right now we can ask ourselves what kind of society we want to live in. The bigger question is: once this is all over, will we continue as if nothing had happened or do we try to turn the tide, looking for a better balance when it comes to climate, well-being, art, equality and distribution of wealth?

The Value of Art and How It Can Impact Our Lives