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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.
The scale between dark (black) and light (white) values. Value refers to the degree of perceivable lightness of tones within an image. [2] The element of value is compatible with the term luminosity, and can be "measured in various units designating electromagnetic radiation". [6]
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. [6]
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The highest known price paid for an artwork by a living artist was for Jasper Johns's 1958 painting Flag. Its 2010 private sale price was estimated to be about US$110 million ($154 million in 2023 dollars). All-time This is a list of highest prices ever paid—at auction or private sale—for an artwork by an artist living at time of sale. Adjusted price (in millions of USD) Original price (in ...
Taking inflation into account, the 1962 value would be around US$1010 million in 2023. [4] The earliest sale on the list below (Vase with Fifteen Sunflowers by Vincent van Gogh) is from March 1987; with a price of £24.75 million (£87.9 million in 2023 currency). This sale tripled the previous record, and introduced a new era in top art sales.
The Munsell value has long been used as a perceptually uniform lightness scale. A question of interest is the relationship between the Munsell value scale and the relative luminance. Aware of the Weber–Fechner law, Albert Munsell remarked "Should we use a logarithmic curve or curve of squares?"
Image source: The Motley Fool. Snowflake (NYSE: SNOW) Q4 2025 Earnings Call Feb 26, 2025, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...