Thursday, May 21, 2009

What determines a works "value"?


  1. The amount of skill as well as the concept behind the piece. Arguably most important, however, is the culture in which the art is made. 100 years ago, For the Love of God would not have brought the critical acclaim it has. I think the most important factor in determining the "value" of a work is the people who originally see the work.

  2. For me value is not really determinable by any standard of monetary value. It is more based on the individual in question. Everyone has their own likes and dislikes, and nothing is a standard. An artwork is valuable if there is at least one person that gives it enough consideration. The objects value only increases if more people jump on the "adoration" bandwagon. Money rises and falls. It has to be that the people that give the final word on whether the work survives or not.

  3. Value, to me, is fluid and cannot be objective. Something that I value, such as Teri Horton's painting, is valued not because of the work itself but because of its role in the current contemporary climate of the artworld. It serves a specific role and to me that makes it valuable.

    Now, should it be worth $50M? No, but I don't think anything should be worth that much. Every work of art is unique, even when multiply reproduced, so a higher value will only lead to an inflated sense of worth.