The Economic Valuation of Digital Media Arts

Symposium:

• ISEA2015: 21st International Symposium on Electronic Art

• Evaluation and Valuation

• The Economic Valuation of Digital Media Arts

• David R. Burns

•  (Shortpaper)

  Keywords: digital media art, economic valuation, new media theory, art valuation, cultural studies, art value, digital art, collectors, artwork.

  While there are a variety of approaches to examining the valuation of digital media art, I limit my discussion to its economic valuation within the context of Western capitalist economies. In this essay, I argue that the dematerialized and reproducible nature of DMA requires it to have alternative models of economic valuation because the classical model of economic valuation does not effectively value DMA. I examine existing economic models of digital media artwork valuation and I explore unique opportunities for alternative and hybrid economic models of digital media artwork valuation.

• Full text (PDF) p. 722-725

Category:

• Paper