This paper is published in Volume-8, Issue-1, 2022
Area
Art and Economics
Author
Divyanshi Saroff
Org/Univ
Independent Researcher, India
Pub. Date
24 January, 2022
Paper ID
V8I1-1273
Publisher
Keywords
Pricing of Art, Economics of Art, Paintings, Pricing Factors, Perspectives on Value, Differential Utility

Citationsacebook

IEEE
Divyanshi Saroff. Getting art to the market: how is the price of paintings determined?, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Divyanshi Saroff (2022). Getting art to the market: how is the price of paintings determined?. International Journal of Advance Research, Ideas and Innovations in Technology, 8(1) www.IJARIIT.com.

MLA
Divyanshi Saroff. "Getting art to the market: how is the price of paintings determined?." International Journal of Advance Research, Ideas and Innovations in Technology 8.1 (2022). www.IJARIIT.com.

Abstract

This paper is aimed at finding a correlation, if any, between the factors determining the price of an artwork. Based on quantitative analysis of a personal survey with 31 respondents, the factors do not form any particular abstract formula which could be derived. It was indicative that the surveyees approached pricing in a variety of ways. To make sense of the variety, the author used an inductive technique to identify and categorize various price styles. The results of the polls were tallied to determine the variables that each artist considered when making their selection. Individual respondents' most prevalent choice aspects are revealed through this method.