“Fact-based is good, but there is no fundamental value to art. It is all subjective. I can say to someone, ‘This should be your price, but if paying more or less makes you happy, then that will be your price.’”
– Economist
Roman Kraussl, dismissing the promise of AI-powered art valuation tools like
Wondeur and
ARTDAI that analyze exhibition histories, sales data, and critical reception to establish “fair market value.” The art market’s opacity and subjectivity, Kraussl argues, aren’t something that needs to be fixed—they’re fundamental to how art is valued.
