Some said from the artist's perspective, it is inappropriate to give a price to a piece of arts because they represented the historical, artistic and sometimes humanistic value that were hardly can expressed in monetary unit. Also, thinking about the artists who put their thoughts, time and efforts in one piece of arts, it would be irrespecutful to have a price for it.
Some said in practical it was hard to appraise the value of arts. In most cases, those arts who were auctioned always went with higher and higher prices. As special goods, the more time a piece of arts stays, the more expensive it will be.
On the other hand, some argued that asking museum to report how much value of their arts was responsible for the public and increased the transparence of the organization. It prevented some organizations who had a lot of arts donations to report a low value in their financial documents.
Some also believed appraise arts before hand will be a good way to claim for compensation if the piece of arts were stolen or damaged. An official appraisal will give the museum the proof of the monetary value of the arts to have a clear clue how much to claim when a theft or damage happened.
Anyway, this controversial topic is on going. There is no certain answer for it.
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| Pic from http://museumtwo.blogspot.com/2013/06/one-small-step-for-detroit-one-giant.html |




