What are the economics of art?

Answer by  Phynix (18)

The value of Art is relative. Unless a piece is by an acclaimed artist, value depends on who the consumer is and what they are willing to pay for ownership.

Answer by  magui (22)

A brief analysis into the creative industry, or network colaboration, lead us to discuss new business models. Entrepreneurship, business and marketing are getting hands together on the art market. Deciding the value of something related is based on fashion trends.

Answer by  jillou (114)

There are no guarantees. Check databases and auction records for an idea of value. Just beware of too popular art, which tends to sell well for 6-8 months only.