Answer:
The concept of “value” is at issue in numerous art disputes, often to calculate the measure of damages for lost, stolen or damaged artwork. Understanding how value is determined in the art market is also essential when assessing the relative importance of information disclosures and representations in art transactions. This excerpt from Michael Findlay’s new book, The Value of Art: Money, Power, Beauty, published this year by Prestel, provides an expert’s insight on this issue. It is reprinted with the generous permission of theauthor and the publisher.
Explanation:
hope it helps
