Vygandas Šimbelis’ ART VALUE project examines the functional art-market mechanisms, which enable the values of particular artworks, the relationship of institutional powers and the use of art in general. The project examines the notion of political economy in the realm of art-constitutive processes, i.e. production, evaluation, circulation, and consumption. Numerical codes of different values ocuppy an essential aesthetic place in the project and communicate through interlaced cultural, technological, ecological, economic etc. narratives, while creatively exploiting the potential of digital and analogue art media.