The pain point of the art industry Part 2

Art Dip
DIPChain
Published in
2 min readMar 28, 2019
pain point of the art industry

The opaque identification and authorization

Mechanism is often seen by the true and false art, the disputes caused by the source, the non-payment and the claims. The authorization mechanism is opaque, the ambiguity of the artwork increases the difficulty of tracking and identification, and the counterfeit products disturb the market. Destroyed the integrity system of the art market.

Art price pricing is difficult to unify

Art is a non-standard product, and its valuation is both complex and professional. The value of art is mainly reflected in the value of the character (creator), artistic value (quality of the work) and market value (economic environment). Among them, the quality of art is an important factor affecting the price of art, but the pricing of art has a high dependence on the evaluation of expert experience. The subjectivity of pricing is strong and the price is difficult to unify. The value of art often changes with the pulse of the market and the pricing of art dealers.

Art industry chain is stagnating

The complete art industry chain should focus on art trade, including art evaluation, mortgage, fund, pawn, insurance, logistics, etc., and even extend to art financial products. However, in China, this market has never formed an industrial chain system, and it is only in the period of free development of individual groups. From the operational business model, the basic trade of art in the Mainland is characterized by privatization, fragmentation, speculation, and poor resource circulation. From the perspective of supply and demand in the market, art trade still presents a situation of oversupply. On the one hand, the solution of this problem depends on the overall improvement of the level of national aesthetic education, on the other hand, it is necessary to return to the “distrust” caused by the above-mentioned business model.

#art

#Art Industry

#Artist

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Art Dip
DIPChain

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