Analysis of Factors Influencing Artwork Pricing
- 1 King's College London, Strand, London WC2R 2LS, UK
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Abstract
Artworks, as unique commodities, possess both properties and aesthetic value. For consumers, understanding the factors affecting artwork pricing can mitigate the risks associated with market pitfalls. For collectors intending to sell artworks, knowing the factors influencing the pricing of artworks can help them better assess the value of their collections and make more informed decisions on when, where and how to sell. This paper analyzes the influencing factors on art prices from three perspectives: intrinsic attributes of artworks, demand dynamics, and special elements of the art market. Each factor's variation can lead to significant fluctuations in art prices.
Keywords
Artwork, Factors Affecting Pricing, Art Market Intermediary
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Cite this article
Ning,D. (2024).Analysis of Factors Influencing Artwork Pricing.Advances in Economics, Management and Political Sciences,120,17-22.
Data availability
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Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development
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