Reflections on the global art market: implications for the Sociology of Culture

Abstract

The article examines the recent changes in art world from the characteristics of the global art market and its implications for sociological theories of art. Therefore, it focuses on the correlation established between the decline of the avant-garde art and how there are tenuous boundaries between high culture and popular culture. In this sense, it discusses and analyzes the influence increasingly exerted by actors located in countries such as the United States, England, Germany, France and, more recently, China. It concludes with how much the global art market may be illustrative of cases in which the globalization of markets expands the cultural and economic inequality by favoring the privilege of small social groups in the contemporary world.