Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012

Abstract

Art is increasingly perceived as an investment asset among investors in Poland. In order to achieve high rates of return it is crucial to identify the main factors affecting the value of the works of art in the art market. Death of the artist seems to be one of the essential determinants influencing art market prices. The main aim of the study is to examine if the artist's living status (i.e. information whether the artist did or did not live when the transaction was held) affects the prices of the works of art. According to the findings the largest percentage of the works of art that showed a price increase between the first and second auction was in the group of artists alive at the time of the first sale and deceased at the time of the second sale in comparison with artists alive and deceased at the time of both transactions.

Identity crisis of artists during the Covid-19 pandemic and shift towards entrepreneurship

“…There are key issues defining an artist: imagination, thought, knowledge, wisdom, the idea in artist's mind, abilities in using the art rules; in art, only the artist is the legislator (Tatarkiewicz, 2015). The artist's features are: creativity, sensitivity, intuition, "getting lost" in the creative process, putting everything in the creative process, self-analysis and self-correction (Szyszka & Białowąs, 2019). Effective implementation of artistic goals require: persistence/consistency, hard work, self-discipline, mental resilience, responsibility, ability to observe the world, perceptiveness, openness.…”