Contributing Factors to the Value of an Artists Work
I have mentioned in recent posts that there are many different factors that can have an affect on the prices of an artists work such as media exposure, exhibitions etc. I have been able to obtain evidence of this from data collected from the art market database artprice.com.
Graph for Camille Pissaro showing spike in 2002/2003
The figures show that during 2002 and 2003 there were a few major artists who had significant anniversaries of their deaths or births which had a very positive effect on their prices. For instance, Camille Pissarro (1831-1903), Vincent Van Gogh (1853-1890) and Paul Gauguin (1848-1903) all experienced an increase in their prices of almost double during their this period.. Although their prices rose during this period it is quite likely that they would smooth out again once the hype is over so timing is critical in these situations.
It is impossible to predict what an artists prices are going to do in the future but a bit of research combined with some educated assumptions can make the task of choosing an artist to invest in that much easier.