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Web in their contribution to volume 1 of the handbook of the economics of art and culture, michael hutter and richard shusterman outline the historical evolution of concepts of value and valuation of art works as these issues have been discussed in aesthetic theory and in economics ( hutter and shusterman, 2006 ). Estimates neumeister’s experts determine current prices and market values of artworks for auctions, estates and cases of damage. After rising 800 basis points to touch 7.16 to the u.s.
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