Commercialization of Art in China
Introduction
Commercialization of art is a global trend in the 21st century, which makes the artworks known to the public as everyone is able to see it in auctions, galleries and media. Commercialism in the recent days has an important presence in the 20th century and contemporary Chinese art market, since money is no longer an option while people are buying, selling, collecting and dealing artworks not only in China but also all over the world. In less than twenty-year’s time, the contemporary Chinese art market dramatically grew to an enviable position due to rapid expansion of economy, boasting with high market confidence and a record of continued growth in comparison to other markets in the globe
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Globalization and Commercialization of Art
The effect of globalization has changed the art market globally. International trade restriction has eliminated. Civilizations are converging, both physically and virtually (via Internet and electronic media). Despite the financial crisis, art and the other commodities such as gold, jewelry and wine have retained the attention and confidence of the new investor especially in China (Kadhim, 2012). As a result, artworks are traded as asset and have become more of a method that can generate acceptability and credibility. In the general economic concept, process of production and consumption has four key elements: production, distribution, exchange and consumption. Production creates products corresponding to certain human needs. Distribution and exchange allocate the products to the final consumers. However, artworks do not follow such process; they have become the direct objects to individuals that appreciate and collect them. In other words, artworks create the consumers, and the consumption of artworks creates the artists (Kadhim, 2012).
China is a fast emerging country with a consumer society with consumers developing a taste for luxury goods. And art falls into this trend as well. The need of art in China currently seems like it is driven by monetary considerations rather than aesthetic or cultural ones (Joy & Sherry Jr., 2004). In 2014, China accounts for ¼ of
The consumption of luxury goods in China is mounting sharply. Not only those born to elite families, but also many common people are greedy for luxury brands (China, a Booming
In the article “Conditions of Trade,” Michael Baxandall explains that fifteenth-century Italian art is a “deposit” resulting from the commercial interaction between the artist and the purchaser, who he refers to as a client. These works, as such, are “fossils of economic life,” and money, and they play an important role in the history of art. In our current perception of the relationship between the artist and art, “painters paint what they think is best, and then look around for a buyer” . However in the past, especially during the Renaissance period, the customers determined the content and form of paintings, as it was them who commissioned the work before it was created. He states that the artists and clients were interconnected and
exhibit allows you to look at a history of Chinese Art dating as far back as 5000 years. starting
The artists are empowered with creativity and vision, who creates an extreme simplification of a complex thing. Owning such capabilities still not deliver a handsome income for survival. No one had visualize that they can fly like birds, a great artist Leonardo Da Vinci conceive the concept of an aeroplane, an armour vehicle and paddle-powered water vessel and portray it.
Although, works are loaned to other museums, and the possibility exists that originals can be viewed in various locations, the Saint Petersburg location is the only location that is dedicated to Dali. As realized by this writer’s family, ticket prices vary by age, days of the week, student discounts, and group rates (Dali, 2017). Viewing the price list, one would resolve that Thursday’s would provide a demand curve that is more elastic than other days due to the ticket sales being discounted to everyone. An addition qualification would be that tickets cannot be purchased at a discount by one person and sold to another for a profit due to unavailability of discounted on-line ticket sales, and, therefore, all discounted tickets must be purchased in person, providing the proper identification is
This paper will employ close visual analysis of the The Vase that was created by skilled craftsmen [Tang dynasty (618–907)] describing how it’s minimalist design represents that it was a time when they focused on non-controversial themes when painting.
Written language can change and can be forgotten but art will always stay constant, you can destroy people and their way of life but if art is preserved the way they lived their lives it will tell their story. Missing or stolen art has had a big impact on the world of art. There are many types of art that have been stolen; paintings, sculptures, jewelry, photography, and written artifacts. There are many questions on whether art is important to the preservation to a culture such as;
DeviantART (also known as dA) is a website widely known as an online art market to artists today as a place to showcase or sell their artworks. The site made it possible for artists to upload their original artworks for the public to see and perhaps for other to purchase. The deviantART community has dramatically influenced many contemporary artists to now rely on the use of an online gallery to both display and sell their works as opposed to depending of a gallery in the offline world. deviantART has caused a shift in the way the economy revolves around the art market and art world. This is by its adoption into the art world, its uses and its effects on the art market. A major source that will be majority referenced on will be a interview
In the United States, obesity is currently one of the largest issues in our society. Sugary sodas, fatty foods, and lack of exercise are the main causes of this issue. Not only does obesity affect adults, but it affects young children as well. In 2012, it was reported that two-thirds of adults in the United States are considered overweight or obese. It was also reported that 31.8% of children and teenagers in the United States are considered overweight or obese as well. Young children are naturally attracted to foods high in sugar, calories, and sodium, but many parents fail to moderate their child’s intake of these potentially harmful items. Generally, a person’s eating habits begin to develop at a young age. If children are taught to eat healthy foods, it will most likely be a lifestyle they will maintain for the rest of their lives. Sometimes this can be a very difficult task, but teaching children to exercise can make it much easier. Many people in the United States do not take the time to partake in physical activity because they simply do not have the time or do not feel it is necessary. Although this is a common belief, exercise is extremely beneficial to the human body in a variety of ways and this essay will further explain how.
In terms of social culture, for one thing, the China consumers are attracted by middle- and high-end products and somehow more attracted by French luxury goods, and they believe that the higher the price, the better the quality (Yuval, Vinay and Cathy, 2011, para7) (Exhibit 1). For another thing, the traditional virtue of thrift is rooted in the mindset of the Chinese, with which some of the rich in China indicate that they would not spend a large sum of money to get a product.
The art market has developed through the centuries from the patron commissioned economy. The art landscape is allocated on the reputable risk of attention and the purchasing power. Those who capitalize in this dicey financial arena are wealthy status symbol seekers, instead of monetary. Technology has progressed globalization, too. Galleries in countries, not thought of as art hubs, can now competing with the major global hubs in the art world. Total art sales are increasing every year, as the market transforms.
Based on art market indices, attention has been drawn to investigate the risk-return rate of art investment and the correlation between the art market and other markets in the academic field. Some representative researches on return rate and risk of artwork investment were considered to be the starting point of growing interest in art investment among academics. Goetzmann (1993) estimates an average annual return rate of 3.2% during 1916-1986, which is higher than the stock return but still lower than bonds. He further claims that artwork investment can achieve a high return rate in the long term. Buelens and Ginsburgh (1993) divide the data that was constructed by Baumol (1986) into different schools time periods and examine the return rate respectively. Their results show that except the period of war and general insecurity, paintings achieve higher return rates than financial assets. Mei and Moses (2002) estimate an annual real return rate of 4.9% from 1900-1999, which is outperforming certain fixed-return securities while underperformed stocks. They point out that art returns are above inflation and tend to be greater than government bonds but less than equities.
In modern-day China, 45 billion pairs of chopsticks are used each year. Ever since a long, long time ago, China has been using the same tools to prepare their foods. In addition, their cooking recipes are mostly affected by what can be grown in the area they lived in. All of their techniques and flavors are combined into one single dish. Chinese cuisine has been full of special flavors and techniques for many years.
“Describe the essential element to be a successful financial planner in Hong Kong and China. Explain the challenges of practicing ethical financial planning in Hong Kong and China.”
Imperialism is a important period for China because it protected natural resources, and gave the economy a boost it needed. The European countries were looking to exploit the vast natural resources China had and without a strong government and no political power they could have gotten walked all over. From there this boosted the economy to the point where they could produce materials the European countries were looking for. They also had the ability to sell the natural resources straight up which brought more money into the nation. With the boost in the economy education and culture were able to flourish throughout which led to a positive influence for the future. Imperialism created many great things in China and resulted in them flourishing into a powerhouse.