Abstract

Market Construction of Value in Contemporary Art Practices Abstract: The general commercialization of all spiritual fields in modern society removes them from the sphere of the sacred and turns them into a commodity. Art loses autonomy and identity, becomes indistinguishable from non-art, and all its evaluations outside the sphere of the market are relativized and illegitimate due to the lack of aesthetic norms. The article examines the market and social mechanisms that replace aesthetic criteria in the evaluation of contemporary collectible art.

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