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Published on 25 October 2024
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Ning,D. (2024).Analysis of Factors Influencing Artwork Pricing.Advances in Economics, Management and Political Sciences,120,17-22.
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Analysis of Factors Influencing Artwork Pricing

Ding Ning *,1,
  • 1 King's College London, Strand, London WC2R 2LS, UK

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/120/20242352

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

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development

Conference website: https://2024.icemgd.org/
ISBN:978-1-83558-663-1(Print) / 978-1-83558-664-8(Online)
Conference date: 26 September 2024
Editor:Lukáš Vartiak
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.120
ISSN:2754-1169(Print) / 2754-1177(Online)

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