The commercial art market plays a significant role in determining artistic value, often influenced by factors such as rarity, demand, and the reputation of the artist. High auction prices and commercial success can elevate an artwork's perceived value in the public eye, suggesting a correlation between market value and artistic worth. However, this financial valuation can sometimes overshadow the intrinsic qualities of the artwork, such as its aesthetic, historical, or cultural significance. The market can also create trends, leading to the popularisation of certain styles or artists over others, which may not necessarily reflect their artistic merit but rather market dynamics and speculative interests. This commercial influence raises questions about the authenticity of value determination in art, suggesting that while the market plays a role in establishing an artwork's monetary worth, it may not always be a reliable indicator of its true artistic value. Hence, a critical approach is necessary when considering the impact of the commercial art market on artistic valuation.

Political and social events can profoundly shape artistic standards and values by influencing the themes, styles, and purposes of art. Art often reflects the socio-political climate of its time, serving as a medium for social commentary, protest, or celebration. For example, during times of political turmoil or social change, art can become a powerful tool for expressing dissent or advocating for change. This can lead to the emergence of new artistic movements that challenge existing standards, introducing innovative forms and techniques that reflect the changing societal landscape. Additionally, political and social events can alter public and critical perception of certain artworks or artists, either elevating their status or diminishing their relevance. Such events can also impact funding and support for the arts, influencing what is produced and valued. Overall, the relationship between art and its socio-political context is dynamic, with each continuously influencing and reshaping the other.

Technology has a profound impact on the evolution of artistic standards and the valuation of art. Technological advancements have introduced new mediums and tools, expanding the possibilities of artistic expression. Digital art, for instance, has emerged as a significant genre, challenging traditional notions of what constitutes art. Technology also facilitates the replication and dissemination of artworks, affecting their rarity and, consequently, their value. Moreover, technology changes the way art is consumed and appreciated. Online platforms and virtual galleries make art more accessible, potentially broadening the audience and altering traditional gatekeeping mechanisms in the art world. However, this accessibility also raises questions about the valuation of digital versus physical art, as well as concerns about authenticity and preservation. Overall, technology continually reshapes the landscape of the arts, influencing both the creation of art and the standards by which it is judged.

Personal experiences and backgrounds play a crucial role in shaping an individual's perception of artistic value. Art is often a reflection of human experience, and individuals resonate with artworks that speak to their personal histories, beliefs, and emotions. For example, someone who has experienced a particular historical event may find deeper meaning in art that addresses that event. Similarly, cultural background influences how one interprets symbols, themes, and styles in art. Personal aesthetic preferences, developed over time through exposure to various art forms and cultural experiences, also dictate what one considers valuable or appealing in art. This subjectivity is what makes art a deeply personal and varied experience. While certain universal principles or techniques might be widely appreciated, the true value of art often lies in its ability to evoke a unique, personal response. This diversity of interpretation highlights the complexity of artistic value and underscores the importance of considering multiple perspectives in discussions about art.

Cultural shifts significantly impact the re-evaluation of art and its standards by altering the collective perspective from which art is viewed and appreciated. As societies evolve, their values, beliefs, and tastes change, leading to a reassessment of what is considered 'good' or 'valuable' art. For instance, artworks or styles that were once overlooked or undervalued due to prevailing cultural biases may gain recognition as societal attitudes become more inclusive and diverse. Similarly, what was once mainstream can become less relevant as new cultural trends emerge. This re-evaluation is not just about the art itself but also about the criteria used to judge it. Changing cultural contexts can challenge traditional standards, pushing the boundaries of what is accepted as art and encouraging a more expansive, inclusive understanding. This process reflects the dynamic relationship between art and society, where art both influences and is influenced by the cultural milieu in which it exists.