Art market

The art market is a competitive market governed by the principle of supply and demand. There are no reliable statistics on the art market, but the global art market is transparent for experts thanks to numerous internet databases and access to almost all auction results since the 1980s. Artworks are tangible assets with limited availability. Their market value is mainly influenced by purchases made by museums and collections.

Term-Nr.: 90

German: Kunstmarkt (492)

Source: Drittquelle m. e. E., 24.04.2010

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