Pricing is art’s Pandora’s box. An equation predicated on the often conflicting interests of quality and demand, the price of an artwork must take into consideration all kinds of variables, from standardized factors like size and production, to more capricious considerations like provenance and likability. For young artists, pricing represents an obstacle whereby they must assign value to a product that (in most cases) intrinsically refutes such a reductive classification.
Link to the → ARTSY editorial by Kat Herriman