A Personal Analysis About the Valuation of Fine Art: Part 2

Part 1, was a commentary on “Laguna Rocks, Low Tide” by Guy Rose (c 1916). Auctioneers will tell you that art valuations are based on sales of comparable items. In other words it’s a market driven by supply, demand (and trading volume or liquidity) just like stocks and bonds. Part 2 discusses of the Supply component. Visual art is generally made (or supplied) by passionate individuals who apply their creative skill and imagination, to describe or interpret the world for the pleasure, education and enjoyment of others. Wayne Thiebaud, (1920- present), a prolific and widely appreciated American artist noted for painting ice cream cones and cakes, has a favorite quote. “Art is not delivered l

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