However,
Investing contemporary art: how value:
In a world where art remains a active weakly profitable. Moreover, expensive to acquire and haveunderstanding what makes (or defeated) the value of an artist is crucial.
Sociologists and economists agree that Artistic recognition is not measured objectively. It is based on an agreement between three parties: artistic bodies (museums. Similarly, galleries, institutions, collective artists), the market (auction, galleries) and the media (specialized or generalist press, networks).
All contribute to establishing, maintaining or contesting the legitimacy of an artist. In addition, The parties are not necessarily exclusive and share some of their members (galleries and experts from auction houses, for example). The fact remains that an agreement in the convention. favorable or unfavorable to the artist, defines quality and that a disagreement creates an uncertainty. It is also in this indefinite space that speculation can take place.
Our study. was interested in theImpact of artistic diversification on two key indicators : the cumulative market value (sum of sales values between 2000 and 2020), measured by ArtPrice, and artistic recognition, measured by the Artfacts ranking.
The artistic diversification is measured thanks to the data from Artnet on the distribution of the artist’s sales by discipline. We have checked many variables (age, gender, origin, production volume, artistic movement, etc.) and used Google Trends data as a media notoriety indicator.
investing contemporary art: how value — Investing contemporary art: how value: In a world where art remains a active weakly profitable. expensive to acquire and haveunderstanding what makes (or defeated) the value of an artist is crucial. Sociologists and economists agree that Artistic recognition is not measured ob.
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