This article initiates a discourse on the preliminary considerations regarding the capabilities and hazards associated with art investment. Prior to delving into the merits and drawbacks of art investment, it is imperative to underscore the conceptualization of art as an asset. Within this framework, art is construed as a financially lucrative entity. Nevertheless, it is imperative...

The "Economics of Contemporary Art" by Elisa Zerloni deals with the markets, strategies and star making system in art. A part of this book is dedicated to auctions and the secondary market, which you can read a summary of below.The following text, is from the Persian text translated by Hamidreza Sheshjavani and Leila Mirsafian and published by Farhangistan Honar Publishing.

In recent years, the use of artificial intelligence in the art world has attracted a lot of attention. Most of these attentions have been focused on the production of artwork by AI, while one of the important applications of artificial intelligence in art can be valuation, pricing and price prediction in auctions. Therefore, in this article, we have tried to point out the art apprai...

Drawing ranks second after painting in terms of sales value in the art market. This short essay discusses about the medium of drawing and its place in the art market.

Although artists are sometimes in a position to dictate prices to dealers because of their fame and bargaining power, dealers usually have the final say in pricing decisions. Because there are not only those who have to "work" with these prices, but also have more information about the market. But dealers deliberately do not price each work separately and on a case-by-case basis. In...

This article was written by Mohammad Reza Moridi and Mohammad Javad Mohammadi and has been published in the book "Economics of Iranian Art". Pricing works of art is an important but ambiguous part of the art market. Arbitrary evaluations and pricing that only create symbolic value for the work and even prevent the sale of the work add to this ambiguity and reduce the buyer's confide...

The present article examines the impact of artist death on the pricing of works of art, based on the fact that artists produce their durable goods in a competitive monopoly market. This article was translated into Persian by Shiva Mohammadi and published in the special issue on the 15th Tehran Art Auction in January 2022.