Art Appraisals, Prices, and Valuations

Habsburg, Elizabeth von; Goodman, Rachel; Johns, Gurr; McAndrew, Clare

doi:10.1002/9781119204688.ch2

Cited by 2 publications

(7 citation statements)

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“…A quality that directly determines the value of artwork is the authenticity of the artwork (Holmes 2021;Von Habsburg et al 2010;Goodman 1996). A work is deemed to be authentic if it reflects where, how, when, and by whom it was created.…”

Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

“…In this sense, authenticity of the work emerges as a situational concept (Wilson [2019] 2022). The more original connection an artwork has with its original creator, the more valuable is the work (Holmes 2021;Von Habsburg et al 2010;Goodman 1996).…”

Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

“…These certificates are created by the author himself, an expert on the subject or another relevant authority (Wilson [2019] 2022). Receiving and keeping these certificates is strongly recommended for art buyers (Von Habsburg et al 2010). However sometimes, even with the best authenticity certificate, the risk of an artwork being counterfeit cannot be ruled out (Beckman 2021).…”

Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

“…Naturally, fakes and counterfeits are damaging for the buyers. Especially digital art is said to pose many challenges to authenticity, due to their dissipative nature, where one can easily copy and benefit from the original work of a digital artist (Kasdan 2022;Von Appen 2021;Von Habsburg et al 2010).…”

Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

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Non-Fungible Tokens and Select Art Law Considerations

Ekinci

2023

Arts

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Since 2021, non-fungible tokens (NFTs) have been a popular topic which has kindled the interest of art and technology enthusiasts and professionals. Some had very high expectations for the potential of NFTs, and in some cases, made an assessment for NFTs that go beyond the existing limits of NFTs. There have also been others who approached NFTs suspiciously and in some cases, described them as a hoax. The purpose of this study is to examine the important effects of NFTs on the art world and art law, and to consider NFTs’ current and potential impacts. In this context, this article first provides an introduction to NFTs and why the author finds it interesting to think about legal issues surrounding NFTs. After providing definitions of non-fungible tokens and highlighting technical aspects of NFTs, the article then discusses select legal issues surrounding NFTs, such as the importance of legal terms and conditions of an NFT purchase, legal qualifications of NFTs, artwork ownership, artwork authenticity, artwork provenance and intermediary liability for NFT sales. One of the aims of this study is to put forward clearly what should be expected of non-fungible tokens and their potential. Another objective is to underline the fact that the unique dynamics of the art world necessitate having a unique perspective for legal matters relating to them, which is satisfied with art law and its professionals. Ultimately, this paper aims to contribute to having a more comprehensive understanding of non-fungible tokens and their impact on the art world and surrounding legal questions.

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Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

Section: Artwork Authenticity and Nftsmentioning

confidence: 99%

See 2 more Smart Citations

Non-Fungible Tokens and Select Art Law Considerations

Ekinci

2023

Arts

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“…Researchers in the first group see an artwork as an object of personal pleasure and interest, or an alternative investment item, and they address the issue from the buyer's (collector's and investor's) viewpoint. With this view, they are particularly interested in the changes in artwork prices, as well as the concepts such as return on investment, risk mitigation, and comparison of art investments with other investment alternatives (Campbell, 2008; Kräussl, 2012; Moustaira, 2015; von Habsburg et al, 2012). For example, Renneboog and Spaenjers (2013) study the auction sales data of oil paintings and works on paper between the years of 1957 and 2007.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Sustainable development of art industry and a statistical analysis of the factors that influence the gallery prices of contemporary artworks

Turan

Tosun

2022

Sustainable Development

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Although art industry has developed significantly, the factors influencing artwork prices and their specific effects are not fully known. With this research, to guide curators, gallery owners, collectors and art investors, as well as artists, first the factors that may influence artwork prices are determined. Then, using a data set from a contemporary art gallery in Istanbul, which of these factors are significant and in which ways they alter the prices are investigated. While previous studies are typically based on auction prices, promoting the economic sustainability of artists, this study employs gallery prices, and different from the existing efforts, it examines the joint impact of the artwork specific factors such as production technique and the number of editions, together with the artist specific factors including gender, education level and the field of study. Statistical findings suggest that there is no significant difference between the prices of artworks created by the artists who have a formal education in fine arts and those who do not. However, it is found that artists, particularly the female ones, can increase the prices of their artworks by having a graduate level education. Also, it is observed that increasing the number of editions negatively affects artwork prices, and the artworks created in print techniques have significantly lower prices than the artworks produced in other techniques. Though, it is detected that print artworks are less affected from the price reductions induced by the increase in the number of editions, compared to the artworks produced in other techniques.

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Art Appraisals, Prices, and Valuations

Cited by 2 publications

References 0 publications

Non-Fungible Tokens and Select Art Law Considerations

Non-Fungible Tokens and Select Art Law Considerations

Sustainable development of art industry and a statistical analysis of the factors that influence the gallery prices of contemporary artworks

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