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If you come across a painting of modern art created by an artist with a reputation, you can count on soaring prices for his works of art. The name of a well-known artist has become a brand and is one of the reasons why everything he has created is perceived as valuable. For example, it is said that if a painting created by a particular artist brings in bomb money, it should be considered worthwhile. While most people understand why paintings by relatively lesser-known modernist artists are so expensive, they wonder why the works of modern artists like Monet, Gauguin, Picasso, and other famous 20th and 21st century artists are so expensive. The pricing of a work of art is greatly influenced by its ability to convey its aesthetics and emotions. The price of emotional satisfaction and pleasure is the most important factor in buying modern art, and people are willing to pay absurd sums for something that can provoke a strong emotional response. When Leonardo Da Vinci’s Salvator Mundi was sold for a staggering $450.3 million, he broke the record for the highest price ever paid for a painting, more than $150 million. Buying art was never a cheap business, but is usually considered one of the most expensive art purchases in modern art history. In this video, we are looking into The truth about why modern art is so expensive
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The truth about why modern art is so expensive
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