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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.
Taking inflation into account, the 1962 value would be around US$1040 million in 2024. [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 2024 currency). This sale tripled the previous record, and introduced a new era in top art sales.
An art auction at Christie's. The art market is the marketplace of buyers and sellers trading commodities, services, and works of art.. The art market follows 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 its past monetary value as well as its predicted future value.
Simon Chorley Art & Antiques (trading as Chorley's) is an art auctioneer and art valuation company, based in Gloucester, England. The company was founded in 1862, and conducts auction sales and carries out valuation services for private clients for insurance purposes, probate , family division and sale.
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 ($159 million in 2024 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 ...
The top ten highest value sculptures were made by seven different people, two of whom are unknown and will never be identified. An Alberto Giacometti sculpture is the most valuable modern work, and he has three more entries in the top ten. Four Constantin Brâncuși sculptures are featured on the list, [10] and Jeff Koons' work appears three times.
Blockage discount is an art-business-related and legal term of art for referring to the money discount assigned to a group of artworks by a single artist when that group of works is to be released to market as a group rather than individually.
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