1. Artist’s Name: The most important element of price is, of course, the artist. Thus, in practice, even a doodle by Pablo Picasso will be worth quite a lot. The more important and influential the artist, the more expensive his pieces.
2. Fashion: Early Israeli art has gained popularity in recent years, overcoming abstract Israeli art. There is also a growing interest in figurative and realistic art and, as such, the prices for such creations are increasing.
3. Technique: Oil on canvas, wood or cardboard are usually considered more important than paintings on paper. However, there are artists like Aviv Uri or Yossef Zaritsky whose best pieces were created on paper. It is important to note the importance of technique to the artist and the full array of his creation. Aquarelles are just as important (as opposed to the above), followed by prints such as lithographs, engravings and others, which are considered less expensive.
4. Theme: Content may impact the price. It is important to note the importance of the topic, its significance within the artist’s creative array and meaning within the historical perspective. For example, paintings by Yochanan Simon describe life on the kibbutz. Various issues and the level of interest also affect the price, as compared to other themes in his creations.
5. Period: Almost every artist has a specific period of “maturity” in which his work is revealed to art lovers and buyers. Pieces created during this period are the most prestigious. For example, pieces created during Shmuel Beck’s early period are less expensive than those painted during his later surrealistic period, while Aricha’s realistic paintings are more important and expensive than those produced during his early abstract period.
6. Aesthetic value: The quality of a piece is very important. This requires a good eye for detail, a great deal of knowledge and experience, which help confirm the eye that considers a certain piece to be “good”.
7. Dimensions: One cannot value a piece only upon its dimensions. However, in most cases, a large painting will be more expensive than a small one. Especially large formats might apply different standards.
8. Physical condition: The value of a piece could be diminished if there are flaws, such as scratches, tears, wear, etc. On the other hand, the value of a piece might increase compared to others impaired by they years, if it was specially preserved over time.
9. Auctions: These sales play a very important role in molding the market, defining local and global art trade where prices for pieces of similar quality and parameters, that are traded several times, will based on an updated average, serving as a basis for its future price.
10. Popularity among new audiences. Young collectors express in interest in art in order to maintain an investment or attempt to make an investment that will generate yields. This is very important in light of the demand that may be met by an increase in prices.
Writer: Efraim Biderman