RICS: Applying Art Valuation Principles in America vs Britain with Tom Flynn and Alvah T. Beander #20

What is the value of art? The varied interpretations of value in art makes the discipline a difficult one within which to offer valuations.

On The RICS Podcast this week we’re looking at how to apply frameworks in a market with increasing complexity due to the advent of NFTs, wealthy outsiders influencing the market, and the challenge of provenance research.

This episode of The RICS Podcast covers:

• What and who determines the monetary value of art
• The grey area between art’s emotional value and financial value
• External factors that can influence value
• The challenging element of provenance research
• Anecdotes from Alvah’s time with George W. Bush