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Author: | Zorloni, A. |
Title: | Structure of the contemporary art market and the profile of Italian artists |
Journal: | International Journal of Arts Management
2005 : FALL; VOL 8:1, p. 61-71 |
Index terms: | Arts Museums Markets Market structure Supply Organization theory Italy |
Language: | eng |
Abstract: | This paper examines the supply side of the contemporary visual arts industry using the conventional analytical apparatus of industrial organization theory. After defining the contemporary art market, described is the process by which art works are distributed and sold and the structure of the market at the global level. There are four distinct markets described: classical contemporary, avant-garde, alternative and junk. The Italian art framework is assessed and also some recommendations are made based on the findings of the analysis. |
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