Statement: Are the high prices demanded by art dealers for original paintings of old masters justified? Arguments: I. Yes. These are unique antique works and collectors value rarity, hence high prices are justified. II. No. Modern painters can paint as well for much less price. Choose the option that best identifies the strong argument(s).

Introduction / Context:
Art valuation depends on uniqueness, provenance, scarcity, and cultural significance rather than mere technical similarity.

Given Data / Assumptions:

• Originals are non reproducible assets.
• Collectors value authenticity and historical importance.

Concept / Approach:
Assess whether each argument uses correct value drivers.

Step-by-Step Solution:
Argument I: Links price to rarity and collector utility. This matches how markets price antiques and masterpieces. Strong.Argument II: Technical ability of modern painters does not substitute for authenticity or provenance; it confuses similar style with identical asset. Weak.

Verification / Alternative check:
Comparable sales and museum curation practice support rarity based pricing.

Why Other Options Are Wrong:
Only II ignores core drivers; either or both misclassify.

Common Pitfalls:
Assuming substitutability between originals and replicas; ignoring provenance.

Final Answer:
Only Argument I is strong.