The value of the global art market soared following the era of financial crisis in the world economy. This change is driven by a variety of factors examined in this comprehensive book: the evolving and intertwined relationship between auctioneering and dealing; the role of new art advisers and consultants, the artist as a market force; increasing economic inequality; and increased and developing demand from China and other emerging markets. This new textbook books analyses the contemporary global arts economy, taking in a wide range of arts (from contemporary to craft). Written by an established and renowned expert, coverage is broad and includes such key topics as: * East Asian, South East Asian, Brazilian, Russian, Islamic and Indian art * the pros and cons of art valuation and investment * museums and the cultural sector * legal restraints placed on the arts trade This revitalized new textbook will continue to be essential reading for those studying the arts business, cultural economics, and the creative and cultural industries more generally.
The accessible and authoritative style also makes the book a perfect introduction for the general reader wanted to get an understanding of arts markets.