The World of Commercial Art and the International Art Market

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The World of Commercial Art and the International Art Market

The main aims of this research are to acquire an understanding of the conditions of the art market and to develop a critical knowledge of the commercial art world and the relevant international market.

The idea that the international art market is a regulator in the post academy art world has implications on the formation of prices and values in the art market, due to the macroeconomic reality, political and cultural changes of this period.

Throughout the nineteenth century, the Académie des Beaux-Arts continued to produce many important artists. It lost its power only at the turn of the century when it failed to acknowledge radical styles such as Impressionism and
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The international art market is based upon individual players whose motives are ultimately the maximisation of art.

In this way, the market developed into the international scope due to the proliferation of the figures of dealers and auction houses, whose international work in Holland, England, France and Italy became recognised in nineteenth century.

Hence, Academic art, serving as a bridge period between the Baroque and Early Modern era, was essential the comprehension of new ideas about art and its periodisation, the extension of subject matter and development of technique, and the new interaction of public and patrons with artists.

Many of the characteristics of nineteenth century Academic Art - small scale, storytelling, realism and high finish - reflected changes in the art market. The political and cultural authority of church, government and aristocracy, the industrial revolution and emergence of a large commercial middle class, along with an unprecedented expansion of living space, stimulated an increase in the demand for decorations and art.

There were fewer large-scale commissions and artists sought to appeal to a new group of patrons: wealthy, middle-class art lovers. These new collectors acquired art for personal enjoyment, to decorate their homes, and to demonstrate their cultured sophistication.

The nineteenth century is the century that

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