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Art valuation, an art-specific subset of financial valuation, is the process of estimating the market value of works of art. As such, it is more of a financial rather than an aesthetic concern, however, subjective views of cultural value play a part as well.
An art auction at Christie's. The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.. The art market operates in an economic model that considers more than supply and demand; it is a market where art is bought and sold for values based not only on a work's perceived cultural value, but on both its past monetary value as well as its predicted ...
Aesthetics (also spelled esthetics) is the branch of philosophy concerned with the nature of beauty and the nature of taste and, in a broad sense, incorporates the philosophy of art. [1] Aesthetics examines the philosophy of aesthetic value, which is determined by critical judgments of artistic taste; [ 2 ] thus, the function of aesthetics is ...
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Value theory investigates the nature, sources, and types of values in general. [1] Some philosophers understand value theory as a subdiscipline of ethics. This is based on the idea that what people should do is affected by value considerations but not necessarily limited to them. [6] Another view sees ethics as a subdiscipline of value theory.
Colors also have value; for example, yellow has a high value while blue and red have a low value. If you take a black and white picture of a colorful scene, all you are left with are the values. This important element of design, especially in painting and drawing, allows the artist to create the illusion of light through value contrast.
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In the art business, the artistic value of a well-executed forgery is irrelevant to a curator concerned with the authenticity of provenance of the original work of art [20] — especially because formally establishing the provenance of a work of art is a question of possibility and probability, rarely of certainty, unless the artist vouches for ...