Abstract: Artwork finance is an inevitable outcome of the development of artwork market. The valuation of art assets is the key to the process of artwork financialization, while the pricing pattern stands at the core of the valuation. Therefore, the establishment of China’s artwork pricing evaluation standards is an important prerequisite and foundation for the development of China’s artwork finance. The price of artwork is based on its value, but also affected by non-value factors. The value connotation structure is dynamic, consisting of physical, technical, historical, cultural and social value. Non-value factors include the macro environment, art commercial intermediaries, the influence of artists and artworks, and the subjectivity of buyers and evaluators. The twofold factors together constitute a group of elements that affect artwork pricing in which value factors are also affected by non-value factors. This unique interactive relationship provides a possible breakthrough for the establishment of artwork pricing standards.

Key words: artwork finance, value, price, artwork pricing pattern