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The article examines the transformation of the value of Niko Pirosmani's paintings over time in the economic and cultural context of the art market. The analysis shows how the value and price of the artist's paintings changed between 1900 and 2025, from zero value to high international premium levels. The research methodology uses the Bloomberg database. In relation to time, the price index, secondary sales index, and hedonic price index are analyzed. A comparative analysis is conducted with Basquiat’s and Frida K...