scholarly journals Evolving impact of the auction houses in Turkish contemporary art market

2017 ◽  
Vol 3 (4) ◽  
pp. 1140-1146
Author(s):  
Güldehen Kaya
Keyword(s):  
Contemporary Art ◽  
Art Market ◽  
Auction Houses

scholarly journals Materialising Markets: The Agency of Auctions in Emergent Art Genres in the Global South

Arts ◽  
2020 ◽  
Vol 9 (4) ◽  
pp. 106
Author(s):  
Anita Archer
Keyword(s):  
Contemporary Art ◽  
Local Governments ◽  
Developing Economies ◽  
Supply And Demand ◽  
Art Market ◽  
Global South ◽  
Chinese Contemporary Art ◽  
Market Expansion ◽  
Auction Houses ◽  
Art Auction

For the last two decades, the international auction houses Sotheby’s and Christie’s have been at the forefront of global art market expansion. Their world-wide footprints have enabled auction house specialists to engage with emerging artists and aspiring collectors, most notably in the developing economies of the Global South. By establishing their sales infrastructure in new locales ahead of the traditional mechanisms of primary market commercial galleries, the international auction houses have played a foundational role in the notional construction of new genres of art. However, branding alone is not sufficient to establish these new markets; the auction houses require a network of willing supporters to facilitate and drive marketplace supply and demand, be that trans-locational art market intermediaries, local governments, and/or regional auction businesses. This paper examines emerging art auction markets in three Global South case studies. It elucidates the strategic mechanisms and networks of international and regional art auction houses in the development of specific genres of contemporary art: Hong Kong and ‘Chinese contemporary art’, Singapore and ‘Southeast Asian art’, and Australia and ‘Aboriginal art’. Through examination and comparison of these three markets, this paper draws on research conducted over the past decade to reveal an integral role played by art auctions in the expansion of broader contemporary art world infrastructure in the Global South.

The ingenious marketing of modern paintings

2014 ◽  
Vol 6 (2) ◽  
pp. 211-233
Author(s):  
Thomas M. Bayer ◽  
John Page
Keyword(s):  
Exchange Process ◽  
Art Market ◽  
Late Nineteenth Century ◽  
Data Sets ◽  
Content Type ◽  
Secondary Sources ◽  
Auction Houses ◽  
Art Dealers ◽  
The Media ◽  
Eighteenth And Nineteenth Centuries

Purpose – This paper aims to analyze the evolution of the marketing of paintings and related visual products from its nascent stages in England around 1700 to the development of the modern art market by 1900, with a brief discussion connecting to the present. Design/methodology/approach – Sources consist of a mixture of primary and secondary sources as well as a series of econometric and statistical analyses of specifically constructed and unique data sets that list nearly more than 50,000 different sales of paintings during this period. One set records sales of paintings at various English auction houses during the eighteenth and nineteenth centuries; the second set consists of all purchases and sales of paintings recorded in the stock books of the late nineteenth-century London art dealer, Arthur Tooth, during the years of 1870/1871. The authors interpret the data under a commoditization model first introduced by Igor Kopytoff in 1986 that posits that markets and their participants evolve toward maximizing the efficiency of their exchange process within the prevailing exchange technology. Findings – We found that artists were largely responsible for a series of innovations in the art market that replaced the prevailing direct relationship between artists and patron with a modern market for which painters produced works on speculation to be sold by enterprising middlemen to an anonymous public. In this process, artists displayed a remarkable creativity and a seemingly instinctive understanding of the principles of competitive marketing that should dispel the erroneous but persistent notion that artistic genius and business savvy are incompatible. Research limitations/implications – A similar marketing analysis could be done of the development of the art markets of other leading countries, such as France, Italy and Holland, as well as the current developments of the art market. Practical implications – The same process of the development of the art market in England is now occurring in Latin America and China. Also, the commoditization process continues in the present, now using the Internet and worldwide art dealers. Originality/value – This is the first article to trace the historical development of the marketing of art in all of its components: artists, dealers, artist organizations, museums, curators, art critics, the media and art historians.

Institutional anomalies in the contemporary art market

1995 ◽  
Vol 19 (2) ◽  
pp. 187-197 ◽  
Author(s):  
Walter Santagata
Keyword(s):  
Contemporary Art ◽  
Art Market

Who (or What) is an AI Artist?

Leonardo ◽  
2021 ◽  
pp. 1-9
Author(s):  
Kieran Browne
Keyword(s):  
Contemporary Art ◽  
Art History ◽  
Art Market ◽  
Art World ◽  
Significant Disagreement ◽  
History And Theory

Abstract The mainstream contemporary art world is suddenly showing interest in “AI art”. While this has enlivened the practice, there remains significant disagreement over who or what actually deserves to be called an “AI artist”. This article examines several claimants to the term and grounds these in art history and theory. It addresses the controversial elevation of some artists over others and accounts for these choices, arguing that the art market alienates AI artists from their work. Finally, it proposes that AI art's interactions with art institutions have not promoted new creative possibilities but have instead reinforced conservative forms and aesthetics.

On the allocation of talents in the contemporary art market

2018 ◽  
Vol 43 (1) ◽  
pp. 121-143
Author(s):  
Luigi Di Gaetano ◽  
Isidoro Mazza ◽  
Anna Mignosa
Keyword(s):  
Contemporary Art ◽  
Art Market

scholarly journals Care to value. Preservation strategies in the Art Market’s context

2021 ◽  
Author(s):  
João Henrique Macedo Marrocano
Keyword(s):  
Contemporary Art ◽  
Art Market ◽  
Real Possibility ◽  
Commercial Practice ◽  
National Market ◽  
Diagnostic Models ◽  
Market Framework ◽  
Personal Testimony ◽  
Professional Guidelines ◽  
Value Preservation

In the art market, it is a real possibility that the conduct to be adopted in the preservation of contemporary art cannot be put into practice without secession with the conservation and restoration guidelines. The aim of this study is to analyse if the most prominent professional guidelines fit into the market framework, or if it is possible to find divergences or reasons to lay aside in commercial practice. The work compared the fundamental guidelines with the practical objectives of the art market, qualitatively analyzing the results with the personal testimony collected from the agents of the national market on the issue raised. From this analysis, it was possible to identify the need for diagnostic models balanced with the safeguard of the commercial circumstance of the assets, seeking to develop a line of diagnostic guidelines that offer analytical usefulness to the conservator, in actions in the context of the contemporary art market in Portugal.

scholarly journals Sustainable Management of Contemporary Art Galleries: A Delphi Survey for the Spanish Art Market

2019 ◽  
Vol 11 (2) ◽  
pp. 541 ◽  
Author(s):  
Alicia Mateos-Ronco ◽  
Nieves Peiró Torralba
Keyword(s):  
Contemporary Art ◽  
Delphi Method ◽  
Sustainable Management ◽  
Supply And Demand ◽  
Business Management ◽  
Art Market ◽  
Art Galleries ◽  
Economic Agents ◽  
Economic Markets ◽  
Spanish Art

The art market operates in a very different way from conventional economic markets, ranging from its behaviors of supply and demand, the trading of goods, and the economic agents intervening in it. In addition, it is a highly unregulated market, with very little standardized information in economic terms. This paper focuses on art galleries, which are the most influential intermediaries in the Spanish primary contemporary fine-art market and perform a role that goes beyond the mere distribution of works of art. This study develops and applies a prospective methodology based on the subjective information compiled by experts, known as the Delphi method, to identify and evaluate the factors that determine the current situation and future outlook for Spanish contemporary art galleries. The results show, on one hand, that the method employed constitutes a valid option to provide reliable information. In addition, they show that the survival of these organizations will depend on their ability to adapt to the changing conditions of the economic environment, reactivating and internationalizing demand, and redirecting their business model towards sustainable management by implementing appropriate business management models and techniques.

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