Commodity value its commodity value. A commodity value expressed as a price is determined by historical, social and cultural aspects of production and distribution. Karl Marx described price as the money-name for the labour realised in a commodity. A commodity value is dependent on its utility. Commodity value is of particular significance in the study of currency. For example, the commodity value of a coin is the value of the metal of which it is made. Gold and silver coins have a high commodity value, whereas fiat coins such as modern day quarters have a low commodity value. This is of particular
Commodity pathway diversion inherent market value. They reacted against this perceived commoditization of art by producing what they considered decommodified art. However, as Kopytoff argued, "commodities must be not only produced materially as things, but also culturally marked as being a certain kind of thing." Thus, when diverting industrial materials from their commodity pathways to produce art became culturally valuable, the objects themselves gained value (1985). Finally, pop artist Andy Warhol, created artwork couched in what Appadurai refers to as the "aesthetics of decontextualization." In his famous Campbell's Soup painting, Warhol diverts advertising from its commodity pathway by reproducing it as a work