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.

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.

scholarly journals Economic Freedom and Inequality in the Art Market: The Case of the Commercial Gallery

Arts ◽  
2020 ◽  
Vol 9 (4) ◽  
pp. 126
Author(s):  
Ronit Milano
Keyword(s):  
Contemporary Art ◽  
Economic Freedom ◽  
Free Market ◽  
Art Market ◽  
The Political ◽  
Art Galleries ◽  
Political Function ◽  
Commercial Art ◽  
General Operation

This article aims to consider the contemporary art market vis-à-vis the concept of economic freedom. Drawn from a larger study, this paper offers a glimpse of the political function of the art market, which is essentially an economic field. What I demonstrate is an inevitable clash between a free market and between political constructions that effect levels of freedom—concentrating on the parameter of inequality. The article focuses on the case of commercial art galleries, and analyzes their operation under neoliberal conditions, which represent the implementation of the idea of freedom in the economic field. Subsequently, I demonstrate the how high levels of concentration in the art market erode the levels of the equality of the players in the field. Ultimately, I argue that this case offers an example of the more general operation of the art market, which follows neoliberal principles, and thereby undermines the concept of economic freedom that is intrinsic to them.

scholarly journals Developpment of art galleries and centers under conditions of contemporary art market

ScienceRise ◽  
2014 ◽  
Vol 3 (1 (3)) ◽  
pp. 72
Author(s):  
Олександра Артемівна Захарова
Keyword(s):  
Contemporary Art ◽  
Art Market ◽  
Art Galleries

scholarly journals What Does Developing a Ranking of Leading Contemporary Art Galleries Unveil about the Importance of the National Factor? An Analysis of Art Basel Art Fair

Arts ◽  
2020 ◽  
Vol 9 (4) ◽  
pp. 105
Author(s):  
Alain Quemin
Keyword(s):  
Contemporary Art ◽  
Art Market ◽  
Art World ◽  
Social Scientists ◽  
Art Galleries ◽  
The World ◽  
The 1960S ◽  
The Impact

Since the French sociologist Raymonde Moulin developed her pioneering research in the 1960s, the art market has been continuously studied by social scientists. For several years now, art market studies have rapidly proliferated. Collectors and collections, though, have tended to draw more attention than professionals and dealers, which remain less analyzed. In this article, we intend to study the impact of the national factor on the gallery sector by using a ranking of the leading contemporary art galleries in the world that we ourselves developed. Having analyzed the construction of the most significant rankings in the art world that all focus entirely or partly on artists, we decided to create one for contemporary art galleries. The methodology that we used will be presented in the first part of the article. In its second part, we will analyze the territorial/national dimension that can be identified in the most important art fair in the world, Art Basel. We will comment on what is revealed by our ranking in terms of countries of origin associated with their share and diverse positions in the ranking. Finally, we will address the contribution that our ranking brings to the knowledge of so-called globalization.

scholarly journals Art Expertization, Appraisal and Valuation. Conservation Issues in the Spanish Contemporary Art Market

2021 ◽  
Vol 20 ◽  
pp. 303-317
Author(s):  
Diana Angoso de Guzmán
Keyword(s):  
Higher Education ◽  
Comparative Study ◽  
Contemporary Art ◽  
Scientific Literature ◽  
Art Market ◽  
Education Programs ◽  
The Future ◽  
University Programs ◽  
The Face ◽  
Spanish Art

The need to apply conservation-restoration criteria in museums, heritage and public collections has been widely studied in previous publications. However, the functions of the conservator-restorer in the face of the problems of the Spanish Contemporary Art Market have hardly been addressed in scientific literature. This research is based on two objectives: firstly, to investigate how the specific technical and artistic knowledge of the conservator-restorer covers a need in the ecosystem of the Contemporary Art Market by means of expert reports, appraisal and valuation. Secondly, to analyze how these specific skills and knowledge are transferred through Higher Education programs. Based on a comparative study, the specific problems of the Spanish Art Market shall be mapped, and protocols proposed that are respectful of conservation-restoration criteria and transferable through university programs to the future contemporary art stakeholders.

scholarly journals External Shocks in the Art Markets: How Did the Portuguese, the Spanish and the Brazilian Art Markets React to COVID-19 Global Pandemic? Data Analysis and Strategies to Overcome the Crisis

Arts ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 47
Author(s):  
Adelaide Duarte ◽  
Ana Letícia Fialho ◽  
Marta Pérez-Ibáñez
Keyword(s):  
Art Market ◽  
External Shocks ◽  
Art Markets ◽  
Art Galleries ◽  
Academic Literature ◽  
Brazilian Art ◽  
Global Pandemic ◽  
The Social ◽  
The Impact

The spread of the COVID-19 pandemic worldwide, and the restrictions imposed by the social distance and the enforced confinement, are having an impact on the art markets globally. The aim of this article is to evaluate the impact of an external shock in the primary art market, using three countries as a case study: Portugal, Spain, and Brazil. These geographies have in common being at the margins in the art market’s main art hubs. It is intended to analyze how agents are responding to the new context, according to the data gathered within the gallery sector. The methods applied in the research are a combination of surveys carried out by the authors, field-based observation, along with an academic literature review, complemented by international and national reports analysis. The study’s main findings allow us to characterize the art market as a very resilient sector that energetically responded to the crisis, able to adapt and overcome challenges imposed by the new pandemic situation. Contemporary art galleries expanded digital activities, kept participating in art fairs hybrid models, continued to focus on internationalization, and pointed to the strengthening of public policies towards the sector and partnerships as key strategies to overcome the crisis.

Institutional anomalies in the contemporary art market

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

scholarly journals Temporary events and spaces in the Swedish primary art market

2014 ◽  
Vol 58 (1) ◽  
Author(s):  
Johan Jansson
Keyword(s):  
New York ◽  
Economic Geography ◽  
Art Market ◽  
Economic Activities ◽  
Art Exhibition ◽  
Art Galleries ◽  
Economic Values ◽  
Theoretical Perspectives ◽  
Temporal Dimensions

AbstractTraditionally, the art market is associated with specific cities or art districts; typically there are internationally renowned locations like Paris, New York and Berlin. However, taking a closer look at the art markets, it is rather the temporal dimensions that are striking. Art market actors (e. g. artists, critics, gallerists, buyers, collectors, curators) are gathering in temporary locations and at temporary events such as art exhibition openings, art fairs, auctions, performances and vernissages. Within economic geography literature, the role of temporary spaces and events has been increasingly discussed in relation to economic activities and their performance, efficiency and creativity. An important insight gained in this literature is how temporary events, despite their short-lived existence, create microcosms of an industry or sector. Some temporary events even gather enough resources, skills and power to become field-configuring. In this paper, the primary art market will be discussed from the theoretical perspectives of value-making processes, temporary spaces and events, and field-configuring events. More specifically, the study focuses on temporary spaces important to galleries involved in selling and promoting primary art and artists. It focuses on how temporary spaces constitute both a characteristic feature of the art market and important spaces for creating both cultural and economic values. Empirically, this paper is based on a study of the Swedish primary art galleries and in particular it deals with primary art galleries located in Stockholm, and studies how they use temporary spaces and events in creating both cultural and economic values to themselves, the artists and their artworks. Three empirical examples characteristic to primary art galleries are examined; the opening, the art fair and the mobile art district.

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.

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