Patricia Cohen's article on David Galenson + the quantitative methodology/valuation in the art field + other viewpoints @ http://www.nytimes.com/2008/08/04/arts/design/04pica.html?_r=1&oref=slogin was brilliant.
Useful link:
www.davidgalenson.com
In my view ranking artworks is a good idea. If the experts are able to simplify the valuation methodology, then I think it might work. Many in the industry believe that art markets are speculative/manipulative. You have got to be an insider or knowledgeable to understand the whole business.
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