Why are People Buying Modern Art for Billions?
All the artwork is being sold in the best galleries all over the world and fetching the artists millions and billions of money. What is the reason that Modern Art is sold at such high prices? The price at which the painting will be sold depends upon the artist, his reputation, and the varied types of works he does. The auction also plays an important role as it’s a fact that if the painting is sold at a higher price during the action the next time the painting will be sold at the higher price only. Why the modern art is sold for huge money? The rate of the paintings depends upon the demand and supply. If there is a huge demand for the paintings of certain artists then they will be getting higher prices of their artwork and vice versa. The uniqueness of the artwork is another factor on which the rate of the artwork depends. Any reasons why modern art is so popular? Aesthetic value is always the price reason but contemporary art also adds more value to the painting. So contem