Cosmopolitan Canvases: The Globalization of Markets for Contemporary Art by Olav VelthuisCosmopolitan Canvases: The Globalization of Markets for Contemporary Art by Olav Velthuis

Cosmopolitan Canvases: The Globalization of Markets for Contemporary Art

EditorOlav Velthuis, Stefano Baia Curioni

Hardcover | April 16, 2015

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Since the late 1990s, contemporary art markets have emerged rapidly outside of Europe and the United States. China is r s1the world's second largest art market. In counties as diverse as Brazil, Turkey and India, modern and contemporary art has been recognized as a source of status, or apotential investment tool among the new middle classes. At art auctions in the US, London and Hong Kong, new buyers from emerging economies have driven up prices to record levels. The result of these changes has been an increase in complexity, interconnectedness, stratification and differentiationof contemporary art markets. Our understanding of them is still in its early stages and empirical research in the field of globalization of high arts is still scarce. This book brings together recent, multidisciplinary, cutting edge research on the globalization of art markets. Focusing on different regions, including China, Russia, India and Japan, as well as different institutions and organizations, the chapters in this volume study the extent to which artmarkets indeed become global. They show the various barriers to, and the effects of, globalization on the art market's organizational dynamics and the everyday narratives of people working within the art industry. In doing so, they recognize the coexistence of various ecologies of contemporary artexchange, and sketch the presence of resilient local networks of actors and organizations. Some chapters show Europe and the US continue to dominate, especially when taking art market rankings and the most powerful events such as Art Basel into account. However, other chapters argue that things suchas art fairs are truly global events and that the 'architecture of the art market' which has originally been developed in Europe and the US from the 19th century onwards, is increasingly adopted across the world.
Olav Velthuis is Associate Professor at the Department of Sociology and Anthropology of the University of Amsterdam. He is currently studying the emergence and development of art markets in the BRIC-countries (Brazil, Russia, India and China). Velthuis is the author of Imaginary Economics (NAi Publishers, 2005) and Talking Prices. Sym...
Title:Cosmopolitan Canvases: The Globalization of Markets for Contemporary ArtFormat:HardcoverDimensions:320 pages, 9.21 × 6.14 × 0.96 inPublished:April 16, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198717741

ISBN - 13:9780198717744


Table of Contents

1. Olav Velthuis and Stefano Baia Curioni: Introduction: Making Markets GlobalPart I: Emerging infrastructures2. Flip Vermeylen: The India Art Fair and the Market for Visual Arts in the Global South3. Stefano Baia-Curioni, Ludovica Leone and Laura Forti: Making visible. Artists and Galleries in the Global Art System4. Svetlana Kharchenkova, Nataliya Komarova and Olav Velthuis: Official Art Organizations in the Emerging Markets of China and Russia5. Mukti Khaire: Art Without Borders? Online Firms and the Global Art MarketPart II: Global Flows and their Limits6. Luc Renneboog and Christophe Spaenjers: Investment Returns and Economic Fundamentals in International Art Markets7. Roman Kraussl: Art as an Alternative Asset Class: Risk and Return Characteristics of the Middle Eastern and Northern African Art Markets8. Alain Quemin and Femke van Hest: The Impact of Nationality and Territory on Fame and Success in the Visual Arts Sector: Artists, Experts and the Market9. Tamar Yogev and Gokhan Ertug: Global and Local Flows in the Contemporary Art Market: The Growing Prevalence of AsiaPart III: Local Configurations of Art Markets10. Amanda Brandellero: The Emergence of a Market for Art in Brazil11. Adrian Favell: The Contemporary Art Market in Galapagos: Japan and the Global Art World12. Olga Kanzaki Sooudi: Morality and Exchange in the Mumbai Contemporary Art World