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One of many factors in the primary market's price of a living artist's work is a dealer's contract with an artist: many dealers, as stakeholders in their artists' success, agree to buy their own stable of artists' work at auction in order to prevent price drops, to maintain price stability, or to increase perceived value, or all three, thus ...
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 ...
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 ...
Salvator Mundi by Italian artist Leonardo da Vinci (c. 1500) This is a list of the highest known prices paid for paintings. The record is approximately US$450.3 million (which includes commission), paid for Leonardo da Vinci's Salvator Mundi (c. 1500). The painting was sold in November 2017, [1] [2] through the auction house Christie's in New ...
MutualArt.com is an art information website that provides auction prices, personalized updates and data on a number of artists. [1] MutualArt.com also includes an online art appraisals service. [2] Premium Members have access to the site's Art Market Analysis. [3]
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