Introducing: The artnet Intelligence Report, Fall 2019 Edition
Art Business

Introducing: The artnet Intelligence Report, Fall 2019 Edition

Meet the fall 2019 edition of artnet Intelligence. As you might glean from the smokestacks on the cover, this fall 2019 edition of the artnet Intelligence Report advances a thesis: that over the past 30 years, the art world has evolved into an art industry. Once the modestly sized province of connoisseurs, passion-driven dealers, and hobbyist collectors, the art business today exists as an interconnected global network dominated by multibillion-dollar corporations and swashbuckling, profit-minded investors who care about numbers as much, if not more, than they care about the art itself. From one point of view, this market is a strange, chimerical amalgam of the luxury industry, the financial sector, and a high-class casino; seen another way, it is a burgeoning engine of creativity and innovation that could yield a new Renaissance in art. As with art itself, the art market’s nature is in the eye of the beholder. In this issue, we speak to a trio of collectors who touch on how the business side of things has changed over the past three decades—for better and for worse. We also dive deep into reams of data, which show that the market is now slowing, with key indices coming […]

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