marketplace of buyers and sellers trading in the commodities, services, and works-of-art commonly associated with the various arts
The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.
The art market operates in an economic model that considers more than supply and demand: it is a hybrid type of prediction market where art is bought and sold for values based not only on a work's perceived cultural value, but on both its past monetary value as well as its predicted future value. The market has been described as one where producers don't make work primarily for sale, where buyers often have no idea of the value of what they buy, and where middlemen routinely claim reimbursement for sales of things they have never seen to buyers they have never dealt with. Moreover, the market is not transparent; private sales data is not systematically available, and private sales represent about half of market transactions.
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main subject: art market7
Ein Buch von Markus Metz und Georg Seeßlen
1. Flight Assets – Looted Assets. The Transfer of Cultural Assets to and through Switzerland from 1933 to 1945, and the Problem of Restitution
book published in German by the Independent Commission of Experts Switzerland Second World War, 1 of 8 reports
author: Bergier commission
Karl Buchholz : Buch- und Kunsthändler im 20. Jahrhundert : sein Leben und seine Buchhandlungen und Galerien Berlin, New York, Bukarest, Lissabon, Madrid, Bogotá
author: Godula Buchholz