The price of an artwork is influenced by a complex interplay of factors that include supply and demand, the artist's career stage, medium, provenance, market trends, and emotional value. The primary art market, where artworks are sold for the first time, relies heavily on galleries to set prices based on reputation, education, and quality. Meanwhile, the secondary market, involving...

With the emergence of the global art market in the latter half of the 20th century, art itself became a commodity. The financial volume exchanged in buying and selling artworks surpassed all expectations. As a result, art began to gain more recognition not only through aesthetic standards but also through its rising material value. This shift—the transformation of the art world into...

Many people believe that art showcased at events like the Venice Biennale isn't up for sale, viewing it solely as a government-backed showcase for contemporary art. However, this perception doesn't quite align with reality. While it's true that artworks themselves can't be bought or sold within the context of these biennials, the art market has ingeniously found ways to capitalize o...

The rise of artwork as a tradable commodity in the modern era has fueled the expansion of the art economy, leading to a proliferation of auctions. However, what impacts has this growth brought to the art world? Somayeh Ramezanmahi addresses this inquiry by elucidating the notion of 'artwork value'.

In recent years, the use of artificial intelligence in the art world has attracted a lot of attention. Most of these attentions have been focused on the production of artwork by AI, while one of the important applications of artificial intelligence in art can be valuation, pricing and price prediction in auctions. Therefore, in this article, we have tried to point out the art apprai...

Drawing ranks second after painting in terms of sales value in the art market. This short essay discusses about the medium of drawing and its place in the art market.