S2 Episode 6: What Makes Art Valuable? Eric's 8 Made Up Rules of Value, Pt. 1
Real Abstract
English - November 14, 2022 05:00 - 19 minutes - 17.7 MB - ★★★★★ - 3 ratingsVisual Arts Arts Business business career creative illustration music art entrepreneur freelance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In the first of a three-part series, Eric explores the concept of value and, specifically, what makes some art valuable and other art... well, not. Today Eric explores the different types of value, and then offers his eight rules that make a thing valuable.
Eric's 8 Made Up Rules of Value
Rarity — the more rare something is, the more valuable it is Liability — the greater the risk, the greater the reward Expertise — the better you are at something, the more valuable you become Reputation — the better your reputation, the higher value you hold Investment — of time, of money. The bigger the investment, the greater the potential for reward Demand — the higher the demand, the higher the value. Tied to rarity, but not exactly the same. Not all rare things are valuable, and not all valuable things are rare. "Tag team" value — things of less importance become more valuable when they are “tag teamed” with something of value Usefulness — the more useful something is, the more utility it has, the more valuable it becomes
Do you agree with these? Disagree? Start a discussion in the Discord channel!
Eric M. Strong
IG: @art4business