Modern Art And Pricing: Cost Deciding Factors

Jessicabeak25 Dec, 2020Business

It�s the same principle that affects the pricing of any commodity. If an artist is dead, scarcity becomes the driving factor. This explains why modern art for sale by deceased artists carry a huge price tag. For living legends, their limited creations command a higher price. It�s the same principle that affects the pricing of any commodity. If an artist is dead, scarcity becomes the driving factor. This explains why modern art for sale by deceased artists carry a huge price tag. For living legends, their limited creations command a higher price.