Our propensity to ascribe value to certain facets of life over the other and consequent creation of value laden concepts is very apparent. Our notions of beauty, morality etc. are some significant illustration of this propensity. Associating aesthetic value to an art form or particular features of an art form seems to be an extension of this propensity of ours. However, a psychological analysis of this tendency of ours suggest that the perceptions that control our mental states significantly control how we ascribe value to particular facet of art form over the other. Further, tenets of social psychology show how socio-cultural contexts form our perceptions that eventually control our mental states. This paper seeks to explore the relationship between socio-cultural contexts, consequent social perceptions and the aesthetic values we ascribe to the art forms.