In this episode, I would like to address the issue of a value of an artwork. I will elaborate on how the value is determined; and which value components play the most important role in arriving at the final number.Previous episodes are available at the following links: Episode 1 — Mediation of art-related disputes:https://soundcloud.com/user-796059586/exploring_the_art_market_ep1_mediation_and_artEpisode 2 — Art market bubbles:https://soundcloud.com/user-796059586/exploring_the_art_market_ep2_art_market_bubblesAll comments and suggestions for the podcast are highly welcome either in the comment section below or directly to my e-mail: [email protected]. Thanks for listening and till next time on “Exploring the art market” podcast. Now available also on iTunes.