Abstract
Today’s contemporary art world has to come to terms with a highly unstable socioeconomic context that is evolving rapidly and constantly, with the result that any analysis to establish the state of the demand and supply of artistic goods and services in a global scenario is quite complex. The supply of contemporary art is renewed and must continue to be renewed, in line with the recent requirements of demand and with economic and technological changes.
Highlights
Today’s contemporary art world has to come to terms with a highly unstable socioeconomic context that is evolving rapidly and constantly, with the result that any analysis to establish the state of the demand and supply of artistic goods and services in a global scenario is quite complex
Today’s contemporary art world has to come to terms with a highly unstable socioeconomic context that is evolving rapidly and constantly[1], with the result that any analysis to establish the state of the demand and supply of artistic goods and services in a global scenario is quite complex
Under the influence of globalisation, today’s environment is changing constantly, and this in turn has a strong influence on the contemporary art market 2
Summary
Today’s contemporary art world has to come to terms with a highly unstable socioeconomic context that is evolving rapidly and constantly[1], with the result that any analysis to establish the state of the demand and supply of artistic goods and services in a global scenario is quite complex. Under the influence of globalisation, today’s environment is changing constantly (the liberalisation of markets, of trade and of international investment, the opening up of once-closed economies, the weakening of trade barriers, continuous technological innovation, etc.), and this in turn has a strong influence on the contemporary art market 2. The globalisation of the economy and of culture lies behind this and other significant changes in this field Both condition and characterise the supply of artistic products and services, which become global on one hand, while they respect and safeguard the local and national characteristics and traditions typical of each country’s art on the other[3]. The supply of contemporary art is renewed and must continue to be renewed, in line with the recent requirements of demand and with economic and technological changes, taking product peculiarities into account at the same time
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