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Rich with economic data regarding contemporary art markets and their media
Explores the economic mechanisms that lead to success for some artists and to failure for others
Extensive analysis of art collecting in the corporate world
Appendix containing the list of contemporary artists with a history of top prices
The book examines the contemporary art system with a broad and systematic approach, through the application of models of microeconomics and industrial organizations. By breaking down the traditional barriers between different academic disciplines such as art and economics, this book offers a unique opportunity to grasp the complexities of the contemporary art world and provides the tools to conduct a structural analysis of that market. The result is an in-depth analysis of the contemporary art market from an interdisciplinary perspective. While it is not a textbook in the strictest sense, the book offers a concise and effective overview of all actors in the art system, and provides supporting data and valuable information, both conceptual and practical. It is therefore a text that can be used by students wishing to better understand the complex dynamics that govern the contemporary art market, but also by cultural managers, collectors, potential art investors or simply art lovers who need a quick reference.
Content Level »Research
Keywords »Art Business - Art Investments - Art Markets - Asymmetric Information - Contemporary Art - Cultural Economics