The document discusses whether the value of art is subjective or objective. It notes that while "subjective" means from a point of view, "objective" means not from a point of view and based on rational agreement. It then asks how the value of art is determined and provides examples of extremely high auction prices for famous paintings to illustrate that the monetary value of artworks is clearly not purely subjective but is based on both subjective appreciation and objective market forces.

1. It’s All A Matter
Of Taste

2. Subjective
Objective

3.  "Subjective" is thought to mean
"from someone’s point of view."
 " Objective" means "not just from
someone’s point of view." An
objective matter is one that everyone
(who is sane, rational, and
appropriately informed) will agree
about.

13. SO…..
How do you determine the VALUE of
art??

14. A Sotheby's employee makes a final adjustment to Francis Bacon's Triptych
(1976), on 14 April 2008 in London, England. The artwork sold for $85.9m to
oligarch Roman Abramovich

15. Picasso's Boy With a Pipe (1905) on display at Sotheby's New York, 5 May
2004, prior to its auction. The painting sold for $104,168,000

16. A man walks behind L'homme qui Marche I (1961), by Alberto Giacometti at
Sotheby's in London 12 January 2010. The sculpture sold for £65,001,250
($105,182,398)

17. Gustav Klimt's Portrait of Adele Bloch-Bauer II (1912), goes under the
hammer at Christie's New York, 8 November 2006. The painting sold for
$87,936,000

18. A Sotheby's employee makes a final adjustment to Francis Bacon's Triptych
(1976), on 14 April 2008 in London, England. The artwork sold for $85.9m to
oligarch Roman Abramovich

19. This Chinese 18th century Qianlong dynasty porcelain vase, sold for
£53,100,000 ($85,921,461) at Bainbridges auction house in London, 12
November 2010

20. Dora Maar au Chat (1941) by Pablo Picasso, held by employees at Sotheby's
in London on 22 March 2006. The painting sold for £51,560,080
($83,429,503)

21. Portrait of Dr Paul Gachet (1890) by Vincent van Gogh. This painting sold for
$82,500,000 (£50,985,692) at Christie's in New York on 15 May 1990

22. A woman stands in front of Claude Monet's Le Bassin aux Nymphéas (1919),
at Christie's in London, 24 June 2008. The painting sold for £40,921,250
($66,212,514)