Viewpoint – Valuing culture
Arts featureHow should we measure the value of a work of art? Let’s take, for example, Michelangelo’s statue of David in the Accademia in Florence. How should we measure the value of a work of art? Let’s take, for example, Michelangelo’s statue of David in the Accademia in Florence. The 17ft marble figure attracts a huge number of visitors from all over the world, so the box denoting popularity gets a tick. The revenue box gets ticked as well because of the gallery’s entrance fees and the money spent on accompanying T-shirts and postcards. And also to be considered is the amount this piece would fetch in a hypothetical sale.