About the book
Iain Robertson's textbook examines how the international art market works and what drives it. It describes a market valued at close to $50bn, up more than 60% since the global financial crisis, on the back of demand from China and other emerging economies and of artists who sell without dealers. The book merges and updates material from two earlier texts, The Art Business and Understanding International Arts Markets. Topics include valuing and investing in art, museums and the wider cultural sector, and art from Brazil, Russia, India, China, the Islamic world and East and South East Asia. It is designed for students of arts management, arts marketing, cultural economics, cultural policy and the sociology of the arts.
Gallery owner Sundaram Tagore praised it as a deep and wide-ranging account of the international art market that explains how art is created and valued.
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This book has 1 recommendation
Sundaram Tagore (Owner/Sundaram Tagore Galleries)
Iain Robertson takes a deep dive into the international art market, in an account that is both impressive in its depth and breadth. He explains the processes by which art is created and valued within the socio-economic context of post-war consumerist society, with a painstakingly curated choice of art and artists from around the world and across the centuries. This is a must-read for anyone involved in the art trade, as well as the casual reader curious about how a single painting can be valued at more than $250 million
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