CLEAN : FILE: Royal Opera House to auction Hockney painting due to virus crisis

The video discusses David Hockney's portrait of Sir David Webster, owned by the Royal Opera House, which is being sold to support the arts. It highlights the strong demand for quality art, despite limited supply, and explores potential buyers, including art collectors and patrons of the Royal Opera House.

Why is the Royal Opera House selling David Hockney's portrait of Sir David Webster?

• To fund a new art gallery

• To support bringing artists back to the stage

• To renovate the building

• To purchase another painting

What is a key factor driving the art market according to the video?

• High supply of artworks

• Low demand for contemporary art

• Decreasing interest in art

• Strong demand for quality artworks

What is one reason someone might buy a high-quality work of art?

• To use as a daily decoration

• To gift to a friend

• To store value

• To donate to a museum

What is a characteristic of David Hockney's work from the 1970s?

• Naturalistic phase

• Cubism

• Abstract expressionism

• Surrealism

Who might be interested in buying the Hockney painting besides art collectors?

• Fashion designers

• Sports enthusiasts

• Patrons of the arts

• Technology investors