Artiq Annual Volume 2
For What it's Worth How do we measure impact? Meela Thurloway explores concepts of value associated with investing in art that goes beyond ownership. The essence of art transcends ownership,
value. Economic worth is linked to supply
serving as a dynamic lens for interpreting
and demand, while cultural value, rooted
our ever-evolving world. Artistic expression,
in societal significance, impacts economic
rooted in storytelling - not trade - has been the
value. Recognising art's power to tell stories,
driving force for collecting for millennia. In
encourage human connection, and foster
ancient Greece and Rome, art signified status;
community introduces an alternative metric:
the Renaissance connected it to intellectual
social impact.
pursuits; the 17th and 18th centuries saw art markets emerge; the 19th century introduced
Embracing art for social impact is not merely
public museums, and the 20th century brought
a value proposition but a strategic imperative
investment motives. Today, motivations for both
for businesses. Michael Blake, recipient of
creating and collecting art continue to evolve.
the Public Sector Impact Award at the UK Real Estate Investment & Infrastructure
The art market is a complex cultural
Forum (UKREiiF) 2023, brings over a decade
constellation, requiring nuanced consideration
of expertise in social value and community
of economic and cultural dimensions to assess
wealth building. As the Founder of The Impact
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