Why is some art very expensive and other art cheap? Is there a politic that enters the equation where the gatekeepers decide what is art and what is...

When it
comes to art, both beauty and value are in the eye of the beholder! 

 

The price of a work of art is influenced by a number of factors,
but we must also remember that "value" does not always refer to money. The value of a
work of art may be based on personal criteria such as emotional attachment and cultural
background. One of the reasons it is tricky for artists to assign monetary values to their own
works is that the artist comes from a place of bias- they have an emotional attachment to the
piece of art and have invested their time and money in creating it. In today's market, in order
for the artist's opinion of the piece of work (and the price they may set) to be validated,
someone else has to be willing to pay at least the set price for the piece of art. Art dealers
or brokers must carefully weigh the artist's labors, the current demand, special characteristics
like age and preservation, and how willing customers are to pay before assigning a price to any
piece of art.

Some...