Pricing Aesthetics: How Cognitive Perception Affects Bidding for Artworks

Chai, Fangyuan; Peng, Kaiping; Yu, Feng

doi:10.2224/sbp.2016.44.4.541

Cited by 5 publications

(6 citation statements)

References 43 publications

(48 reference statements)

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“…If we look at the examples of popular works above, some people think that the selection of popular works is influenced by their aesthetic value. The results of previous research by Jeffri in Chai, Peng, & Yu (2016) in expressing the view that if a work of art is very artistic, then the price must be high. The results of the study do support this because people think that the level of aesthetics correlates with the high selling price of a product.…”

Section: The Popularity Of Nft Work Is Influenced By the Aesthetic Of...mentioning

confidence: 93%

“…When the reliability of the blockchain crypto platforms was evaluated, 35.6% of the students stated that they found this system reliable. On the findings of research that has been done previously by (Chai, Peng & Yu, 2016;Gunduz, Eryilmaz & Yazici, 2022), researchers have not explained the aesthetic perception of the community on NFT artworks or crypto art, only the correspondent's view on painting in general, and also the world community's view that sees the advantages of NFT artworks in all things, whether it is in accordance with the situation and conditions of the people in Indonesia. Therefore, researchers are interested in studying and analyzing in terms of NFT art products and the public's view of popular artworks sold on the NFT Marketplace.…”

Section: Introductionmentioning

confidence: 94%

“…The aesthetic value in how many people perceive the significance and existence of a work of art is taken into account in addition to online purchases and sales. Chai, Peng, and Yu (2016) in their research on "Pricing aesthetics: how cognitive perception affects bidding for artworks", involved 157 participants who rated 25 paintings on the price they were willing to offer for works by famous Chinese artists. The results of previous research by Jeffri (1997cited in Chai, Peng, & Yu, 2016 expressed the view that if an artwork is highly artistic, then its price should be high.…”

Section: Introductionmentioning

confidence: 99%

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Aesthetic Analysis and Public Perceptions of Popular Artworks in NFT Opensea Marketplace

Ardianti¹,

Widharta²

2022

Proceedings of the Sixth International Conference on Language, Literature, Culture, and Education (ICOLLITE 2022)

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This research is descriptive research to find out the symptoms or effects of aesthetics and public perception of the popular artworks of the NFT (non-fungible token) Marketplace. The NFT marketplace has begun to gain popularity among Indonesians since the virality of Ghozali who managed to sell his artwork in the form of selfie photos on the NFT Opensea Marketplace, earning billions of rupiah in profits at the end of 2021. Of empirical interest is the potential reasons why some artworks on the NFT Marketplace are prized highly compared to other works. There are two aspects of the study discussed in this study, namely aesthetics and public perception. This study aims to descriptively examine aesthetics and public perceptions of popular artworks at the NFT Opensea Marketplace; examine and investigate the things that affect the popularity of artwork on the NFT Opensea Marketplace from the aesthetic aspect and public perception. Findings reveal that the aesthetic perception of the public, seeing the popularity of NFT artwork is influenced by several factors, including: (1) people's perspectives on what makes something "unique", (2) influenced by the medium of introduction, (3) the popularity of the work is influenced by its aesthetic value, and (4) the popularity of NFT artworks is determined by the context.

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Section: The Popularity Of Nft Work Is Influenced By the Aesthetic Of...mentioning

confidence: 93%

Section: Introductionmentioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Aesthetic Analysis and Public Perceptions of Popular Artworks in NFT Opensea Marketplace

Ardianti¹,

Widharta²

2022

Proceedings of the Sixth International Conference on Language, Literature, Culture, and Education (ICOLLITE 2022)

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show abstract

“…There are several factors that people take into account when assessing the economic value of artwork. Chai, Peng, and Yu (2016) found that positive attraction, artistic quality, and cognitive stimulation influence the price people are willing to pay for artwork. Positive attraction is the subjective assessment of the object that is linked to its aesthetic value.…”

Section: Literature Backgroundmentioning

confidence: 99%

Creators Matter. Perception and Pricing of Art Made by Human, Cyborgs and Humanoid Robots

Fortuna

Modliński

McNeill

2022

Empirical Studies of the Arts

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Not only does the art market include human and nonhuman creators, it also incorporates technologically augmented artists, called cyborgs. They use wearables, sensors, chips, and even new organs to process various stimuli, such as electromagnetic radiation, atmospheric pressure, or ultraviolet rays, to produce artworks. Little is known however, how the objects produced by them are perceived by the art recipients. This paper applies an experimental study with 373 non-experts in the field of art. The results show that the perceived value of the painting depends on the type of agent and on the context of the evaluation. The price of objects created by a human artist is significantly higher if the context cue is the price of the canvas made by humanoid robot than another human. People value cyborg's artwork similarly to human-generated artwork when contextual cue is human, and similarly to robot-generated artwork when contextual cue is humanoid robot.

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“…Si se analizan los resultados en función del género, se observa que no hay diferencias significativas entre hombres y mujeres salvo en el caso de la pasividad y la tristeza (ver figura 3). Estos datos confirman estudios previos que demuestran que hombres y mujeres, a pesar de sus diferencias neurológicas, perciben de forma similar la mayoría de artes y las emociones que suscitan (Fedrizzi, 2012), rebatiendo así algunos estigmas sociales y prejuicios relacionados con estereotipos sexuales en prácticas artísticas y en la vivencia de algunas emociones. Quizá la mayor pasividad de los varones respecto a las artes pueda sugerir una menor presencia de éstos en eventos artísticos.…”

Section: Artseduca 25 / 92unclassified

Emociones en La Experiencia Artística: Claves Para El Desarrollo Educativo Y Social / Emotions in the Artistic Experience: Keys to Educational and Social Development

Calderón

Gustems-Carnicer²,

Piñol³

et al. 2020

Artseduca

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Several studies support the role of art in the attainment of the well-being of individuals and groups, and to evoke positive emotions. Our study aims to know what emotions are caused by the use of each art in young people and adults, establishing differences according to sex, age, educational level, artistic knowledge or artistic experience, to make educational proposals. This paper is a descriptive exploratory correlational study that analyzes the link between art and wellbeing through an ad hoc on-line questionnaire, applied to 497 participants, aged between 14 and 84 years. Percentages, correlations, statistical differences and the sphericity test of Barlett have been used. The data obtained allow us to point out how the arts mainly promote positive emotions. By gender, few differences have been found in the emotional response provoked through art, although differences according to age, level of general and artistic studies, artistic experience, and each art can be appreciated. The use of the arts in education must attend to their different emotional evocative capacity. The characteristics of the students should be taken into account in any artistic project proposal that pursues the individual and social wellbeing, both in formal and non-formal educational spaces. The therapeutic spaces, and social and educational institutions should make an effort in guaranteeing and promoting this type of activities to promote an effective emotional education.Numerosos estudios avalan el papel del arte en la consecución del bienestar de los individuos y grupos, y por evocar emociones positivas. Esta investigación pretende conocer qué emociones son provocadas por el uso de cada arte en jóvenes y adultos, estableciendo diferencias según sexo, edad, nivel educativo, conocimientos artísticos o experiencia artística, de forma que permita efectuar propuestas educativas. Se trata de un estudio descriptivo exploratorio mediante la aplicación de un cuestionario on line construido ad hoc y validado, aplicado a 497 participantes, entre 14 y 84 años. Se han utilizado porcentajes, correlaciones, diferencias estadísticas y la prueba de esfericidad de Barlett. Los datos obtenidos permiten señalar cómo las artes promueven principalmente emociones de carácter positivo. Por sexos, se han encontrado pocas diferencias emocionales por el arte, aunque sí se aprecian diferencias según edades, nivel de estudios generales y artísticos, experiencia artística y cada arte. Las características del alumnado deberán tomarse en cuenta en cualquier propuesta de proyecto artístico que persiga el bienestar individual y social, tanto en espacios educativos formales como no formales. Los espacios terapéuticos, e instituciones sociales y educativas deberían hacer un esfuerzo en garantizar y fomentar este tipo de actividades para promover una educación emocional efectiva.

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Pricing Aesthetics: How Cognitive Perception Affects Bidding for Artworks

Cited by 5 publications

References 43 publications

Aesthetic Analysis and Public Perceptions of Popular Artworks in NFT Opensea Marketplace

Aesthetic Analysis and Public Perceptions of Popular Artworks in NFT Opensea Marketplace

Creators Matter. Perception and Pricing of Art Made by Human, Cyborgs and Humanoid Robots

Emociones en La Experiencia Artística: Claves Para El Desarrollo Educativo Y Social / Emotions in the Artistic Experience: Keys to Educational and Social Development

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