Equity in Art Pricing

Equity in art pricing refers to the perceived fairness and value of an artwork based on various factors, including the artist's reputation, the artwork's uniqueness, market demand, and historical significance. It aims to ensure that prices reflect a balance between the intrinsic value of the art and the external market forces. This concept is essential for artists, collectors, and galleries to understand, as it affects how artworks are bought and sold, ensuring that both buyers and sellers feel they are getting a fair deal.