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By the time you read this book, the art world may have witnessed the sale of its first $500 million painting. Whilst for some people money is anathema to art this is clearly a wealthy international industry, and a market with its own conventions and pressures.

Drawing on the vast experience of Sotheby's Institute of Art, The Art Business exposes the realities of the commercial trade in fine art and antiques. Attention is devoted to the role of auction houses, commercial galleries and art museums as key institutions, with the text divided into four thematic sections...

The global art market has recently been valued at close to $50bn - a rise of over 60% since the global financial crisis. These figures are driven by demand from China and other emerging markets, as well as the growing phenomenon of the artist bypassing dealers as a market force in his/her own right.

This new textbook integrates, updates and enhances the popular aspects of two well-regarded texts - Understanding International Arts Markets and The Art Business. Topics covered include:

• Emerging markets in China,
• East Asian, South East Asian, Brazilian, Russian, Islamic...

This groundbreaking text brings together experts in the field of visual art markets to answer some fundamental questions:

• Is art a good investment?
• Why is the art market dominated by America and Western Europe?
• Where are the key emerging markets and what are the next good buys in art?

Providing readers with an understanding of the challenges facing art market 'makers' (dealers, auctioneers, collectors and artists) and the decision-making process experienced by market 'players' and investors, this exciting text merges the key theories with...

The global art market has recently been valued at close to $50bn - a rise of over 60% since the global financial crisis. These figures are driven by demand from China and other emerging markets, as well as the growing phenomenon of the artist bypassing dealers as a market force in his/her own right.

This new textbook integrates, updates and enhances the popular aspects of two well-regarded texts - Understanding International Arts Markets and The Art Business. Topics covered include:

• Emerging markets in China,
• East Asian, South East Asian, Brazilian, Russian, Islamic...

Traditional business subjects like business planning and finance, business communications, organizational behaviour and marketing are treated with reference to art business (e.g. dealing in fine art and antiques); they sit alongside more focused art-related courses like...

China preoccupies us; yet its recent past is still relatively unfamiliar. No country has undergone a greater period of sustained and turbulent change than China in the twentieth century, but it has emerged again as a leading global power. It is, therefore, more important than ever to understand the society it has become and its rise to such influence. This timely study uses recent research to explore how China has been transformed from an economic and political backwater at the start of the twentieth century to its current pre-eminent position one hundred years later.

During this...