The real value of the art piece; how to estimate and what factors to be counted?
Have you ever wondered how the artwork will be priced? What criteria will be used to price them? This is because the artwork is not like the commodity goods which can be priced by the market standard and demands. Some prices of the artworks which are created by a similar artist are substantially different. For...
The Simple Story of The Auction
Among the international auctions, the news of tens or hundreds of million US dollar bids for some paintings could alarm any audience. He might think that an art auction is specially catered for the billionaires only. The bidders could be an Arabian prince, dictators, or Hollywood stars who have money to burn. Therefore, it is...
Street-Art: From The Most Hated to The Most Loved
In October last year, a weird video clip of a street art auction shocked me and went viral around the world. It was the painting of a girl holding a balloon in her hand created by a pseudonymous street artist named ‘Banksy’. In the auction, the bidders around the world tried to bid fiercely until...
Indulging Your Sense: Reaping a Windfall through an Artwork Investment
“When people are highly educated and are willing to pay, they will learn about the value of that stuff and would want to own some. When the scarce supply doesn’t meet the excessive demand, the price will be rising as usual.” It’s quite clear in my mind that it happened at the beginning of 2013...