London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure … American artist under 40 has achieved. Whether London can continue its success will depend in part on whether it can match New …

important change involved the structure of the market for advanced art. Innovation had always been the hallmark of important art … satisfy powerful individual patrons or institutions. The overthrow of the Salon monopoly of the art market in Paris and the … rise of a competitive market for art in the late nineteenth century removed this constraint, and gave advanced artists an …