Famous artists' names make their art worth a lot.

Some people buy art as an investment because its value can go up.

Good art skills, creativity, and new ideas make art expensive.

Old art or art with a big story behind it can be very valuable.

Rich people and big organizations buy a lot of art, which affects prices.

Prestige: Owning expensive art signifies status.

Demand: High demand increases competition and prices.

Material Costs: Expensive materials contribute to price.

Symbolism: Emotional and symbolic value increases desirability