Abstract
The United States’ sanctions on Iran have limited the Iranian art market’s connections with the international art network. Galleries try to compensate for such limitations through online marketing and exhibition. Thus, the sanctions not only impact the form of marketing exerted by dealers but also directly influence the type of artistic production. Such changes also reshape the art market in the Arab states. The transition from tangible to intangible has become a strategy for the regional market to bypass the sanctions and develop business with the global collectors and institutions. A quantitative analysis was used to demonstrate the impact of the sanctions on the art market in Iran and the United Arab Emirates. This analysis examined all exhibitions in 12 commercial galleries in Tehran and Dubai from 2009 to 2019, statistically assessing the index of changes over this period and calculating the variations, particularly during the years of intensified sanctions. The study indicates how the propensity of galleries for a digitally networked economy is becoming a solution to reduce the impacts of the sanctions in order for the galleries to maintain their clientele of international collectors and dealers.
Highlights
A History of the SanctionsSince the Iranian revolution in 1979, the country’s relationship with the Western world, the United States, has become soured
This animosity towards the West resulted in devastating economic sanctions against Iran, which indirectly impacted the Iranian art market as well
This study investigated the hypothesis that sanctions increase number of intangible artworks
Summary
Since the Iranian revolution in 1979, the country’s relationship with the Western world, the United States, has become soured. This animosity towards the West resulted in devastating economic sanctions against Iran, which indirectly impacted the Iranian art market as well. The first comprehensive sanctions targeting the entire Iranian economy were imposed during the. As part of these sanctions, several countries worked together on a resolution against Iran’s nuclear program Even though the sanctions do not target the art market, the financial restrictions make any business with Iranian art entities impossible. International art institutions are sensitive as working with Iranian organizations or individuals may put them in risk of losing the more lucrative American market
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