Modern art is often seen as more expensive than traditional art. This is due to the unique nature of modern art, its scarcity and its appeal to collectors.
Modern art is often created with the intention of being a one-of-a-kind piece, or limited edition series. This makes the artwork rare and thus more valuable. Additionally, modern artists often use high quality materials which can increase the cost of the artwork.
Modern art also appeals to art collectors who are looking for something unique and unusual. Many collectors are willing to pay higher prices for works that possess a certain level of novelty or uniqueness. Also, modern artists often use experimental techniques and materials which can add to the value of their work.
In addition to its rarity, modern art can be expensive because it requires a great deal of skill from the artist. Many modern artists have gone through intense training in order to learn new techniques and perfect their craft.
This training can take years to complete and can be quite costly. Modern artists must also be innovative in order to stay ahead of trends which can require additional time and effort.
Finally, modern art has become increasingly popular in recent years which has caused prices to rise as demand increases. This trend has been seen across many genres of artwork including abstract expressionism, pop art, street art, and digital art.
Conclusion:
Modern art is more expensive than traditional works due its rarity, appeal to collectors, use of high quality materials, experimental techniques and innovation required from the artist as well as its growing popularity amongst buyers.