Price trends of paintings in 2012–2022
DOI:
https://doi.org/10.31617/2.2023(46)05Keywords:
works of painting, market condition, value, auction, evaluation activity.Abstract
Introduction. The practice of evaluation activities in the field of studying cultural monuments over a long period of time allows to identify and objectively describe the actual changes in market parameters for certain types of goods and to analyze their causes.
Problem. The results of the study of value indicators on the painting market are of particular importance for works related to the assessment of damages caused to Ukraine as a result of Russian aggression, and are also useful for auction participants, collectors, museum workers, market researchers and forensic experts.
The aim of the article is to establish the reasons for the dynamics of the value of paintings on the market for 2012–2022 in order to solve evaluation and expert tasks.
Methods. The results of a systematic analysis of market conditions, which was carried out once or twice a year in the period from 2012 to 2022, are presented. The initial data were formed on the basis of the study of information about the works of painting put up for sale at Violiti.com, Arts.in.ua, and Olx.ua auctions.
Results. The results of the study of changes in value indicators on the painting market in the period from 2012 to 2022 are presented, and the author’s assumptions about their causes are presented – Russia’s war against Ukraine, changes in the activity of potential buyers and their financial capabilities. The algorithm of one of the most rational and universal ways of analyzing the antique goods market is described in detail.
Conclusions. Value indicators for works of art depend on the state of the socio-cultural and economic environment, in particular, the financial capabilities of potential buyers.
Market indicators of the value of paintings on the Ukrainian market in 2023–2024 will have a steady downward trend.
When determining the insurance sums, losses related to overheads should be added to the forecasted value indicators.
Analysis of the market of paintings makes it possible to find out the list of the most rated authors and popular styles and genres.
It is expedient to continue to monitor the value indicators of works of art put up for sale in order to identify trends in market development.
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