What makes a piece of art 'luxury'?

It's not just about the price tag.

There's so much more to it. Let's dive into the world of luxury art and its defining factors.🧵

First, it's about the artist's reputation. Works by Picasso, Van Gogh, or contemporary icons like Damien Hirst are considered luxury due to their impact on art history. Their influence extends beyond their lifetime.

Next is critical acclaim and scholarly interest. When art historians, critics spend time studying a piece, it adds layers of intellectual value. One example is David Borrington whose work responds to world events, exposing flaws in democracy.

Craftsmanship and materials also play a role. The quality of materials and the skill in creation contribute to the appeal. Think of Tim Boin, known for his fusion of geometry, art, and technology, creating mesmerizing sculptures and digital art.

Provenance is key. The documented history of an artwork's ownership and origin. A piece with a rich backstory or linked to a significant event carries more weight. Galileo Marketplace uses blockchain tech to ensure transparency and authenticity.

Finally, there's emotional resonance. The ability of an artwork to evoke a sense of wonder or profound reflection. Like Jonna Perkola, whose works explore life’s duality and fragility, resonating deeply with viewers.

So, luxury in art goes way beyond price. It's about stories, emotions, ideas, and craftsmanship.

As the art world evolves, platforms like @Galileoprotocol are pioneering new ways for luxury art to be experienced, traded, and collected.

$LEOX