Subject
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. In 2018, Robert Norton, a CEO and co-founder of Verisart, noted that "Art is the second-largest unregulated market after illicit drugs and it's significantly overshadowed by fraudulent activity." Source: Wikipedia (en)
Works about art market 10
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The Orpheus Clock : the search for my family's art treasures stolen by the Nazis
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Geld frisst Kunst – Kunst frisst Geld
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Creating Spaces: Post Alternative Spaces in Asia
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The Medici conspiracy : the illicit journey of looted antiquities, from Italy's tomb raiders to the world's greatest museums
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Master of Intrigues: The Dealings of the Art Dealer Friedrich Welz (Meister des Verwirrens: die Geschäfte des Kunsthändlers Friedrich Welz)
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East Asian Art and American Culture
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The Next Best Thing
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Flourishing trade relations between Venice and Vienna : the activities of art dealer Dr. Benno Geiger (1882-1965) during the Second World War
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Flight Assets – Looted Assets. The Transfer of Cultural Assets to and through Switzerland from 1933 to 1945, and the Problem of Restitution
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Karl Buchholz : Buch- und Kunsthändler im 20. Jahrhundert : sein Leben und seine Buchhandlungen und Galerien Berlin, New York, Bukarest, Lissabon, Madrid, Bogotá
Subject - wd:Q1239532