A method for color grading a target image for a target class of displays, the method comprising: accessing (702, 722) a first image in a first version of a particular image content, the first version corresponding to a first color grade and being targeted for a first class of displays providing a first luminance dynamic range having minimum and maximum luminance values; accessing (704, 724) a second image in a second different version of the same particular image content, the second version corresponding to a second color grade and being targeted for a second different class of displays providing a second luminance dynamic range having minimum and maximum luminance values, the maximum luminance value of the second dynamic range being smaller than the maximum luminance value of the first luminance dynamic range; dividing the first image and the second image into a plurality of corresponding clusters of pixels, wherein each pixel comprises one or more components, and wherein the pixel value is one of a luminance value of a luminance component and a color component value of a color component of the pixel, wherein the pixels in each of the plurality of clusters share the same classification based on at least one of luminance, color and spatial location; and for each pixel in the plurality of clusters of pixels, interpolating between a pixel value of a pixel of the first image and a pixel value of a corresponding pixel of the second image to generate a pixel of the target image for a target version of the same particular image content using one or more similarity measures, the target version corresponding to a target color grade and being targeted for the target class of displays providing a target luminance dynamic range between the second luminance dynamic range and the first luminance dynamic range; wherein each of the one or more similarity measures indicates a degree of similarity of a property related to the target class of displays as compared to the same property related to the first class of displays and the second class of displays, wherein the property related to the respective class of displays is at least one of: a mid-point luminance value, a maximum luminance value, a minimum luminance value, a color gamut area, a color gamut volume, an ambient light level, and a color channel value; and wherein the interpolating between a pixel value of a pixel of the first image and a pixel value of a corresponding pixel of the second image comprises calculating a linear combination of pixel values of the first image and the second image weighted by the one or more similarity measures. accessing (702, 722) a first image in a first version of a particular image content, the first version corresponding to a first color grade and being targeted for a first class of displays providing a first luminance dynamic range having minimum and maximum luminance values; accessing (704, 724) a second image in a second different version of the same particular image content, the second version corresponding to a second color grade and being targeted for a second different class of displays providing a second luminance dynamic range having minimum and maximum luminance values, the maximum luminance value of the second dynamic range being smaller than the maximum luminance value of the first luminance dynamic range; dividing the first image and the second image into a plurality of corresponding clusters of pixels, wherein each pixel comprises one or more components, and wherein the pixel value is one of a luminance value of a luminance component and a color component value of a color component of the pixel, wherein the pixels in each of the plurality of clusters share the same classification based on at least one of luminance, color and spatial location; and for each pixel in the plurality of clusters of pixels, interpolating between a pixel value of a pixel of the first image and a pixel value of a corresponding pixel of the second image to generate a pixel of the target image for a target version of the same particular image content using one or more similarity measures, the target version corresponding to a target color grade and being targeted for the target class of displays providing a target luminance dynamic range between the second luminance dynamic range and the first luminance dynamic range; wherein each of the one or more similarity measures indicates a degree of similarity of a property related to the target class of displays as compared to the same property related to the first class of displays and the second class of displays, wherein the property related to the respective class of displays is at least one of: a mid-point luminance value, a maximum luminance value, a minimum luminance value, a color gamut area, a color gamut volume, an ambient light level, and a color channel value; and wherein the interpolating between a pixel value of a pixel of the first image and a pixel value of a corresponding pixel of the second image comprises calculating a linear combination of pixel values of the first image and the second image weighted by the one or more similarity measures.