Description
The Evolution of Contemporary Arts Markets
Aesthetics, Money and Turbulence
Routledge Studies in the Economics of Business and Industry Series
Author: Solimano Andrés
Language: English
Subjects for The Evolution of Contemporary Arts Markets:
Keywords
Art Market; Contemporary Arts Markets; Arts Markets; Art Prices; Auction Houses; historical evolution of the art market; Gogh; 15th century art; Bitcoin Prices; modern art; Safe Haven Asset; art market economics; Vincent Van Gogh; art schools; Art Sector; art market and capitalism; Chinese Art Market; art market and economic turbulence; Keynes; segmentation; Sharpe Ratio; globalism; Stock Market Price Indices; art valuation; Gold Prices; financialization; NASDAQ; provenance issues in art; Repeated Sales Method; wealth inequality; International Auction Houses; art market in China; York's MoMA; Freeing Women; Lowest Sharpe Ratio; Macroeconomic Cycles; National Art Markets; Financial Repression; Blockchain Technologies; Top Collectors
Publication date: 05-2023
· 13.8x21.6 cm · Paperback
Publication date: 10-2021
· 13.8x21.6 cm · Hardback
Description
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The Evolution of Contemporary Arts Markets looks at the historical evolution of the art market from the 15th century to the present day. Art is both an expression of human creativity and an object of economic value and financial refuge at times of economic turbulence. Historically, the art market evolved with the development of capitalism, finance and technical change, and art schools responded to social events such as wars, revolutions and waves of democratization.
The author discusses the main features of modern art markets such as complexity in art valuation, globalism, segmentation, financialization, indivisibility, liquidity and provenance issues. The book studies the impact of wealth inequality and economic cycles and crises on the art market and features a chapter focusing specifically on the art market in China.
This accessible publication is ideal for a broad, interdisciplinary audience including those involved in the economic and financial fields as well as art lovers, art market participants and social and cultural scholars.
Andrés Solimano holds a Ph.D in Economics from MIT and is Founder and Chairman of the International Center for Globalization and Development (CIGLOB). He has held senior positions at the World Bank, the Inter-American Development Bank, the Latin American School of Social Sciences (FLACSO) and the United Nations.
