Art Business: Art World, Art Market

"The Arts Business provides a comprehensive overview of the professional activities of the art business. Addressing this fast-moving industry, the book analyses its market institutions and structures, including galleries, auction houses and art fairs. The rapid development of art finance and its deployment of art as asset class is covered in a new chapter, whilst other updates include evolution in the major auction houses, Sotheby's and Christie's. The new edition highlights growing crises in the market including ever more unbearable costs of art fair attendance and lack of reliable system for establishing ownership and title of artworks. Ever more pressing ethical issues such as toxic museum donors, cultural heritage compliance and problems of corrupt provenances are covered in detail. Enhanced by new data analytics on the US arts market, the author also distils advice and guidance for working art professionals hoping to build their career. The result is an up-to-date picture of an art business suitable for students and practitioners across the creative sector"--