Maksim Borisov, Valeria Kolycheva, Alexander Semenov, Dmitry Grigoriev
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引用次数: 0
Abstract
The valuation of artwork is a fundamental issue in cultural economics. This study examines the impact of visual elements on a painting’s price. Several characteristics are evaluated such as its intricacy, points of interest, segmentation-based features, and local color features. The study also employs theories by Itten and Kandinsky, and applies mixed-effects models to assess how these characteristics impact the painting’s price. The influence of color is examined in the context of abstractionism, a highly complex art style, where the selection of color is crucial. Itten’s theory, the most acclaimed color theory in the art world, is used as a basis for this analysis since it has spawned various sub-theories and is the basis for teaching artists. A unique dataset of 3,885 paintings from Christie’s and Sotheby’s is used, and it is found that Itten’s color harmony has a low predicting power, color complexity metrics are inconsequential, and color diversity is a better predictor of the price of abstract art.
期刊介绍：
The interdisciplinary interfaces of Information Systems (IS) are fast emerging as defining areas of research and development in IS. These developments are largely due to the transformation of Information Technology (IT) towards networked worlds and its effects on global communications and economies. While these developments are shaping the way information is used in all forms of human enterprise, they are also setting the tone and pace of information systems of the future. The major advances in IT such as client/server systems, the Internet and the desktop/multimedia computing revolution, for example, have led to numerous important vistas of research and development with considerable practical impact and academic significance. While the industry seeks to develop high performance IS/IT solutions to a variety of contemporary information support needs, academia looks to extend the reach of IS technology into new application domains. Information Systems Frontiers (ISF) aims to provide a common forum of dissemination of frontline industrial developments of substantial academic value and pioneering academic research of significant practical impact.
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