Determinant of Art Prices.

Several factors can determine an increase in the price of art, including:

1.????Rarity: The rarity of a particular artwork can significantly impact its value. If an artwork is one-of-a-kind or part of a limited edition, it is likely to be more valuable than a more widely available work.

2.????Artist Reputation: The reputation and status of the artist can also affect the value of their work. Established and renowned artists typically command higher prices than emerging artists or those with less notoriety.

3.????Historical Significance: Historically significant artworks that have played a major role in developing an art movement or style can be precious due to their cultural and artistic importance.

4.????Condition: The condition of an artwork can also impact its value. Works that have been well-maintained and in excellent condition are typically more valuable than those damaged or have undergone restoration.

5.????Market Demand: Ultimately, the price of art is determined by market demand. If there is high demand for a particular artist or artwork, the price will likely increase, whereas if demand decreases, prices may fall.

It's important to note that the art market is complex and subject to fluctuations and trends. Hence determining an increase in price for artwork can be challenging, and not always predictable or consistent, but investing in potentially emerging and recognised artists is possible.

Saying so, there are always great success stories. One of them is Anna Weyant, a contemporary artist based in New York City, known for her large-scale oil paintings that explore modern culture and politics. Only a few years ago, her artworks were sold starting from a couple of thousand dollars, but now art investors are queuing up to buy her art for as much as $1.5M.

Please get in touch over this link if you would like to talk and learn about potential art investments.