Why is some art so valuable?

[bill718]

The Mona Lisa is valued at many millions of dollars (or euros) yet paintings from other artists of the same era are valued at far less.

Paintings from Picaso, Dali, Kiefer, Stingel and other more contemporary artists produce works that fetch massive sums of money at art auctions, while other artists languish in obscurity, their artistic efforts fetching a few hundred dollars (if they can sell them at all)

Why is some art more so much more valuable than other art?

 

[fncceo]

Why is some art more so much more valuable than other art?

Everything on Earth, from art to apples is worth precisely, no more or less, what someone is willing to pay for it.

The Mona Lisa, is more expensive, I won't say more valuable, because it's famous and people are willing to pay more to own it.

Did you ask this question seriously, or are you trying to make a point?

 

[Dekster]

The Mona Lisa is consired invaluable so was given an arbitrary billion dollar valuation. Picaso works benefit from artificial scarcity. He apparently did so many of the same paintings in different color schemes that you could afford to buy one for your bathroom if they were all released onto the market. From there, sometimes it is just because of fame and a belief that a piece will be able to sell one day for more than you paid for it, making it inflation proof. I personally think that a lot of ai weiwei's pieces are crap trading off his reputation as a persecuted chinese artist. Some of them are interesting and quite skillful but then there are things like a giant pile of sunflower seeds or a room filled with old stools.

 

[toobfreak]

Why is some art more so much more valuable than other art?

Well, obviously, it is first and foremost the rarity of the technique and the production of art therein. To this day, the layering techniques Da Vinci exemplified in creating the realism in the Mona Lisa can only be guessed at and attempted copied by even other great artists.

 

[fncceo]

To this day, the layering techniques Da Vinci exemplified in creating the realism in the Mona Lisa can only be guessed at and attempted copied by even other great artists.

Actually, the reason for Mona Lisa's notoriety isn't that it's a particularly superior example of DaVinci. It is that it was once stolen from The Louvre.

 

[Vastator]

The Mona Lisa is valued at many millions of dollars (or euros) yet paintings from other artists of the same era are valued at far less.

Paintings from Picaso, Dali, Kiefer, Stingel and other more contemporary artists produce works that fetch massive sums of money at art auctions, while other artists languish in obscurity, their artistic efforts fetching a few hundred dollars (if they can sell them at all)

Why is some art more so much more valuable than other art?

Largely its a scam used by the wealthy as a tax shelter, and valuable for it ability to help them avoid paying taxes...

How To Avoid Taxes on Income From Selling Expensive Art?

Are you a collector of rare and expensive art? However, there is a loophole that can be very valuable to those who buy and sell valuable artwork & can save Tax.

groco.com

 

[fncceo]

Largely its a scam used by the wealthy as a tax shelter, and valuable for it ability to help them avoid paying taxes...

How To Avoid Taxes on Income From Selling Expensive Art?

Are you a collector of rare and expensive art? However, there is a loophole that can be very valuable to those who buy and sell valuable artwork & can save Tax.

groco.com

To be fair, the loophole allows you defer taxes on profits made from the sale of expensive art, if you re-invest it in more expensive art.

It does nothing to avoid taxes on profits made from other investments.

If you don't trade in expensive art at a profit, this "loophole" gains you nothing.

 

[Vastator]

To be fair, the loophole allows you defer taxes on profits made from the sale of expensive art, if you re-invest it in more expensive art.

It does nothing to avoid taxes on profits made from other investments.

If you don't trade in expensive art at a profit, this "loophole" gains you nothing.

That's why they invest the profits from other investments into art. Overall wealth isn't calculated by cash on hand. It's the cumulative value of one's holdings in total.

 

[fncceo]

That's why they invest the profits from other investments into art. Overall wealth isn't calculated by cash on hand. It's the cumulative value of one's holdings in total.

Reinvesting profits from one successful venture into another, it doesn't really matter what, has similar tax implications.

You could just as easily defer profits from real estate, or stock sales into commodities or cattle futures and not pay taxes on the real estate profits.

Art isn't any more or less valuable as a tax shelter than most other investments.

 

[Vastator]

Reinvesting profits from one successful venture into another, it doesn't really matter what, has similar tax implications.

You could just as easily defer profits from real estate, or stock sales into commodities or cattle futures and not pay taxes on the real estate profits.

Art isn't any more or less valuable as a tax shelter than most other investments.

Exactly. A big difference between art, and your other examples is portability/mobility, and the ability to physically possess it, not to mention insure it. And for those reasons art has a value all its own.

 

[Votto]

The Mona Lisa is valued at many millions of dollars (or euros) yet paintings from other artists of the same era are valued at far less.

Paintings from Picaso, Dali, Kiefer, Stingel and other more contemporary artists produce works that fetch massive sums of money at art auctions, while other artists languish in obscurity, their artistic efforts fetching a few hundred dollars (if they can sell them at all)

Why is some art more so much more valuable than other art?

It's not the art that makes it valuable, it is who creates it silly

 

[OhPleaseJustQuit]

.

It's all being in the right place at the right time.

White guilt made some Japanese artists quite successful in the Pacific Northwest, right after WWII.

.

 

[Independent thinker]

The Mona Lisa is valued at many millions of dollars (or euros) yet paintings from other artists of the same era are valued at far less.

Paintings from Picaso, Dali, Kiefer, Stingel and other more contemporary artists produce works that fetch massive sums of money at art auctions, while other artists languish in obscurity, their artistic efforts fetching a few hundred dollars (if they can sell them at all)

Why is some art more so much more valuable than other art?

You'd have to ask anyone who buys Hunter Biden.