social networks of the art market in London, concluding that art pricing services are best used for specific purposes, rather … center for wealth, and provide a brief background on the use of investment fund structures. For both art pricing and art fund … the art market are better off using art experts, either by investing in specialized art funds or through hiring art …

. Mandeville and Galiani observed that the prices of art works were determined almost entirely on the demand side of the market …Attention to art and culture goes far back in the history of economic thought. In the seventeenth century those … art markets. Hume and Turgot perceived positive social benefits emerging from the arts, and they attempted to understand …

. In the no-policy market economy, individuals tend to ignore the positive external effects of their cultural services …

Beyeler museum stays away from the art market with its collection as public institutions do. (2) The museum embarks on a self … privately founded art museum with an extraordinary collection of art works. Though less than five years old, it is acknowledged …