Art Publics and Art Market

Raffaella Frascarelli

Economia della Cultura, 2020, issue 2, 125-141

Abstract: The art market is increasingly a mediator between private and publicsectors, creating new social values, engaging aesthetic transformations, promotingmulticultural networks, fostering entrenched economic and financialoutcomes. It is also a highly fragmented dimension and a moral mirror reflectingindividualism and speculation for individualists and speculators, altruismand fairness for those seeking solidarity and socio-economic equality. Is art andfinance ecosystem exerting epistemological mechanisms conceived to lead financecapital flows to escalate unequal wealth? Or, conversely, is the art marketdesigning a participative architecture, a relational space where the artist’scritique is creating the aesthetic assemblage to erase any race, gender, classissues within an ethically accountable scenario? The global and Italian contemporaryart framework is considered as a case study to evaluate such acomplex dynamic and in-progress context.

Keywords: art market’s self-reflexivity; art financialization; cultural policies (search for similar items in EconPapers)
Date: 2020
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