The Art Market Has Developed Through The Centuries From The Renaissance Essay

Art galleries are essential to the art world, however, is not the only source for audiences to view art. To begin with, art and artwork is defined as the application of human skill, creativity and imagination. Taking this into consideration, individuals need to examine the nature and purpose of art galleries as a facility to collaborate, organize and display a collection of artworks. As art however, is any expression of human creativity, its presence is not bound to art galleries and is evidently present in the world around us be it in photographs, the internet or even in graffiti.

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

Throughout history there have been many public funding’s that contributed to the world of art. Whether anyone realizes it or not, artists have a lot of responsibilities to try and please the public when they are working for the public. Also, there are numerous regional issues that greatly influence decisions about publicly funded art. Art is very important when forming a sense of nation character, therefore, we should support the public funding of art in America. Art is an important part of society and it can also be a very valuable part of our everyday lives. However, there are many positive and negative effects when it comes to the public funding of art in America. Supporters claim that subsidizing the arts pays for itself. These supporters suggest that the arts are what drive the economy of businesses within a community.

To understand most period and movements in modern art, one must first understand the context in which they occurred. When one looks at the various artistic styles, one will realize how artists react to historical and cultural changes and how artists perceive their relation to society.

The Renaissance era, a time of rebirth in European culture, did happen, despite the controversy. During the 15th and 16th centuries, Europe experienced an explosion of arts, mostly among the visual ones. Iconic artists like Raphael, Michelangelo, and Donatello emerged as a result of the re-enlightenment of Europe. It may be true that only five percent of Europeans experienced the enrichment of the time period, but considering that Europe had about ninety million people by 1500 B.C. alone, over 5 million people were affected. Taking into account that during start of the Archaic period, Greece was only inhabited by around 80,000 people, and the five million people of Europe at that time are sufficient for a historical distinction.

In Art Works by Dan Graham he describes art as a business. He states that art isn’t about being free anymore it’s all about making money becoming famous. “The art world is a collection of people who dig the dirt, or pay the artist to dig it for him, to get a “piece” of the action” I agree with him. Rich people are always looking for expensive art pieces to buy. I’ve seen some of the work and they make no sense to me but since they are known artist they are popular. There’s so many creative artist that don’t the credit as the big artist do. It’s sad how money determines how great an artwork is.

The Renaissance time period was home to many new ideas in art. This includes new artists bringing forth ideas that had yet to be discovered and made popular. New themes and types of art were also being brought forward during this period.

Art Has changed a lot over time. Art concepts such as the portrait still exist, however they are much more abstract than they have been in the past. Paintings like the Mona Lisa were great for their time and can be respected as a part of history. But new art of that style would likely bore people. Why might this be? One reason might be because we have seen it before. There is plenty of art of similar styles throughout history so why make more? Over time artist adjust and mix up their style of creating art, leading to new abstract art.

The art gallery set the tone and the price of the collection. So they don’t set prices subject to the whims of the market. Art is a freestanding market comprised of commodities embodied by culturally specialized qualities that are often controversial when being measured. The article Expensive Art is Good Art reference economist Allison Schrage views on art galleries manipulating prices. She state, “The nature of art as a commodity inherently makes efficient prices, meaning prices that reflect all available information about value, impossible. Value is subjective; the intrinsic value of a painting is paint and canvas—beyond that value is often a matter of taste. This is why the industry has developed an intricate signaling process where the

The renaissance or “rebirth” was a cultural awakening which spanned from the fourteenth to sixteenth century. A growing interest in humanist traits and classical ideas heavily influenced the art during the renaissance. A growing community of artists provided much needed competition for their profession. The renaissance introduced many different and modern ideas but also remained obedient to classical belief. The unique art of the renaissance spread throughout Europe. Northern European art differed tremendously from Italian art.

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

The relationship between art and commerce has always been subject of hot discussion. Many people look at creativity as a vehicle for economic interest, while others view it as pure dedication for personal creative needs. The world as we live in today sees the creative industry, including visual and performing arts, sound recording, book publishing, and movie making, a highly commercialized global enterprise. People constantly buy and sell art products in a highly active market. Although it is difficult to conclude whether art and commerce is perfectly compatible or mutually exclusive, one thing is true, that the relationship between the two has not stayed constant throughout the history of art. From the early Renaissance period to contemporary and modern time, we see art gets intertwined with business more and more. There are multiple well known historical examples demonstrate the dynamic evolution of creative expression, though new system also brought challenges.

The fine art industry is profitable as most forces as buyer power, supplier power, threat of new entrants, threat of rivalry,

There are four main methodologies for producing art price indices. Average prices, geometric means, repeat sales and hedonic regressions. The first significant study was by Stein (1977), who analyzes the financial return of auctioned paintings in USA and Britain for the period of 1946-68 by using the average prices methods. Stein considered the auctioned objects each year as a random sample of the underlying stock of art and constructs an index based on the yearly average transaction price. Baumol (1986) and Frey and Pommerehne (1989) calculate the geometric mean return on works that sold at least twice during the considered time frame. Baumol constructs a data set of transaction prices of the best-known art works from 1652 to 1961 in London by using geometric mean method. Revisiting Baumol’s study, Frey and Pommerehne enlarge the data set by extending the time period to 1987 and including auction sales from European countries. However, these two methods do not enable the construction

In contrast to the findings that artwork is a profitable investment comparing to conventional financial assets, a number of academic studies address the issue of art price movement over time