Global Art Markets

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.

Iain Robertson is Professor of Art and Cultural 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.

1. Introduction to Global Art Markets Iain Robertson, Derrick Chong, Luís U. Afonso Part I. 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. 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. 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