The Evolution of Contemporary Arts Markets: Aesthetics, Money and Turbulence

The Evolution of Contemporary Arts Markets explores the historical evolution of the art market, from the 15th century to the present, and its role as an expression of human creativity and an object of economic value. It discusses the main features of modern art markets, such as complexity in art valuation, globalization, segmentation, financialization, indivisibility, liquidity, and provenance issues. It also studies the impact of wealth inequality and economic cycles and crises on the art market, with a chapter focusing specifically on the art market in China.

Format: Paperback / softback
Length: 12 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd

The Evolution of Contemporary Arts Markets delves into the intricate historical journey of the art market, spanning from the 15th century to the present day. Art, a profound manifestation of human creativity, serves as both a means of artistic expression and a valuable asset in times of economic upheaval, offering both economic stability and a refuge from financial turmoil. Throughout its evolution, the art market has closely intertwined with the development of capitalism, finance, and technological advancements, while art schools have responded to significant social events such as wars, revolutions, and waves of democratization.

In this comprehensive examination, the author explores the defining characteristics of modern art markets, including the intricate nature of art valuation, the pervasive influence of globalization, the emergence of specialized segments, the prevalence of financialization, the inseparability of art pieces, the liquidity they possess, and the challenges associated with provenance verification. The book also delves into the profound impact of wealth inequality and economic cycles and crises on the art market, shedding light on the fluctuations and trends that shape this dynamic realm. Additionally, a dedicated chapter is devoted to examining the art market in China, providing a unique perspective on its development and unique challenges.

This accessible and engaging publication appeals to a wide range of audiences, including economic and financial professionals, art enthusiasts, market participants, and social and cultural scholars. It serves as a valuable resource for those seeking to gain a deeper understanding of the complex dynamics and evolving trends that shape the world of contemporary art.

Weight: 453g
Dimension: 216 x 138 (mm)
ISBN-13: 9781032103952