Author: Xuan WangPublisher:
ISBN:
Category : Art galleries, Commercial
Languages : en
Pages : 163
Book Description
Abstract: This paper focuses on one particular segment in the international contemporary art market, the contemporary Chinese art market. As the fastest-growing segment, it offers a great opportunity for people to explore the mechanism in the art market, which is very different from markets for general goods. In addition, with its unique political and social characteristics, China has bred an art market quite unlike the western ones. In this paper, I attempt to explore the similarities and differences and the reasons behind between the emerging Chinese art market and the much developed western ones by picking out one important player in this whole market to study, the gallery. By exploring gallery's role through the relationships and interactions it has with other players in the market, such as artists, auction houses, art museums, art critics, buyers, and government, I attempt to explain the mechanisms within the market and how these help shape the market as it is today. Four detailed interviews were conducted in this study with knowledgeable people currently working in the contemporary Chinese art market in addition to the desk research through the literature on the art markets. Similarities and differences were found and recommendations were made in regard to the deficiencies found through the study. The current global economic downturn has presented a good opportunity for the frenzied market to rethink and readjust, and thus strive for building a healthier and better cultural infrastructure.