Are monetary value and beauty correlated when it comes to art?

I would like to pose the question: Are monetary value and beauty correlated when it comes to art? Does how much a piece is worth determine whether it is actually beautiful? It is most certainly a difficult question. Who actually determines whether a painting is valuable or not? How much gravity does cultural significance, creator, and age play a role in value? Could a scribble created by Leonardo Da Vinci be worth a thousand times more than the most extravagant/gorgeous piece by an amateur artist? My opinion is that unconscious bias most definitely play a role in art, understanding where something comes from and who creates it most definitely play a role in how valuable it is. A blue square made in illustrator by Ivan Esmeral does not compare to Yves Klein’s Blue valued at around 800,000 dollars. Below are some of the most expensive pieces of art ever sold at auction, would you pay this much if they had different creators behind them? Or is that the entire point of value? I would love to hear from an art collector and hear what you think!

Salvator Mundi | Leonardo da Vinci | (1490-1519) | sold for $450.3m (€382m)

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Interchange | Willem de Kooning | (1955) | sold for c.$300m (€254m)

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