Activity 01
Inquiry Circle: Who Decides Value?
Small groups are each given a case study: a work sold at Sotheby's, a gallery-represented mid-career artist, an artist represented only through Instagram, and a work deaccessioned from a museum. Groups identify the institutions and individuals involved in establishing each work's value and present their findings, leading to a class comparison of how different systems produce different outcomes.
Analyze the factors that determine the monetary value of an artwork.
Facilitation TipDuring the Collaborative Investigation, assign each small group a different artist or artwork to research so that the class collectively builds a shared dataset of market factors to analyze.
What to look forPose the question: 'If an artwork's value is largely determined by market forces and collector demand, does this diminish its intrinsic artistic merit?' Students should support their arguments with examples of specific artists or artworks discussed in class.