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Books > Business & Economics > Business & management > Management & management techniques > Organizational theory & behaviour
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Cosmopolitan Canvases - The Globalization of Markets for Contemporary Art (Hardcover)
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Cosmopolitan Canvases - The Globalization of Markets for Contemporary Art (Hardcover)
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Since the late 1990s, contemporary art markets have emerged rapidly
outside of Europe and the United States. China is r s1the world's
second largest art market. In counties as diverse as Brazil, Turkey
and India, modern and contemporary art has been recognized as a
source of status, or a potential investment tool among the new
middle classes. At art auctions in the US, London and Hong Kong,
new buyers from emerging economies have driven up prices to record
levels. The result of these changes has been an increase in
complexity, interconnectedness, stratification and differentiation
of contemporary art markets. Our understanding of them is still in
its early stages and empirical research in the field of
globalization of high arts is still scarce. This book brings
together recent, multidisciplinary, cutting edge research on the
globalization of art markets. Focusing on different regions,
including China, Russia, India and Japan, as well as different
institutions and organizations, the chapters in this volume study
the extent to which art markets indeed become global. They show the
various barriers to, and the effects of, globalization on the art
market's organizational dynamics and the everyday narratives of
people working within the art industry. In doing so, they recognize
the coexistence of various ecologies of contemporary art exchange,
and sketch the presence of resilient local networks of actors and
organizations. Some chapters show Europe and the US continue to
dominate, especially when taking art market rankings and the most
powerful events such as Art Basel into account. However, other
chapters argue that things such as art fairs are truly global
events and that the 'architecture of the art market' which has
originally been developed in Europe and the US from the 19th
century onwards, is increasingly adopted across the world.
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