1st Edition
Global Art Markets History and Current Trends
The art market is worth billions globally, despite the effects of the Covid-19 health pandemic. This book brings together a strong cast of contributors to explore contemporary and historical themes.
Readers of the book will gain awareness of how historical foundations of arts markets continue to impact on contemporary global developments, while transformational digital technology shakes up the art world. With new insights into emerging arts markets, the book also covers themes and phenomena such as NFTs, secrecy, platforms, and financialization in the arts.
The result is a book that will prove valuable reading for scholars involved in art markets studies.
1. Introduction to Global Art Markets
Iain Robertson, Derrick Chong, Luís U. Afonso
Part I. History of art markets
2. World trade and artistic exchanges in early globalization: Lisbon c.1500
Luís U. Afonso
3. A mass market for the visual arts: the golden age of Dutch painting during the seventeenth century
Filip Vermeylen
4. The French provinces in the eighteenth century: a desert for the art market?
Sophie Raux
5. Collecting patterns for Chinese art: 1600-1935
Nick Pearce
6. Dealer networks: the global market for Impressionism and Post-Impressionism from 1870 until 1930
Frances Fowle
7. When the dealer shapes demand: Stefano Bardini, master influencer
Lynn Catterson
8. Regulating the wartime Dutch art market
Jeroen Euwe
Part II. New geographies and challenges facing art markets
9. Caribbean contemporary art: from (neo)colonial outpost to creative eco/system
Carlos Garrido Castellano
10. Heirs of the feathered serpent: the emergence of indigenous contemporary art in Brazil
René Lommez Gomes
11. Western auction houses’ global expansion
Natasha Degen
12. Singapore’s aspirations to be a global art market hub
Anita Archer
13. How do emerging artists enter the art market? A view from France
Jérôme Glicenstein
14. Collecting contemporary art in Russia
Marina Maximova
15. The art market out of sight
John Zarobell
Part III. Digitalization and financialization of art markets
16. Web3 and the global art market: smokescreens and opportunities
Nicolas Galley
17. Art market innovation
Loizos Petrides
18. Platformisation and transparency in the global art market
Marios Samdanis
19. NFTs (non-fungible tokens) and the emergence of a new category in Sotheby’s and Christie’s global auction market
Marta Herrero & Georgia Gerson
20. Disruptive innovation or innovation delusion? Impact of NFTs on the Korean art market
Minha Lee & Woongjo Chang
21. Digital art and value creation: exploring art market dynamics
Melanie Fasche
22. On returns and risks in art auction markets
Yuexin Li & Luc Renneboog
23. Art as an asset class and as a component of a financial portfolio
Kim Oosterlinck
Biography
Iain Robertson is Professor of Art and Culture Management at Hongik University, South Korea.
Derrick Chong is Senior Lecturer in Business and Management at Royal Holloway, University of London, UK.
Luís U. Afonso is Senior Associate Professor of Art History at the School of Arts and Humanities of the University of Lisbon, Portugal.
