The art market has seen boom and bust during the last years and, despite the downturn, has received more attention from investors given the low interest environment following the financial crisis. However, participation has been reserved for a few investors and the hedging of exposures remains...

What constitutes an international art center? To answer this question, I analyze the auction sales of fine art for 10 primary art markets; the results suggest four major findings: First, an expansion in the art market contributes to a more than proportional increase in art auction sales. Second,...

The art market in historical perspective -- The art sector in China : traditional, Maoist and globalized periods -- Main features of the art market : what is art? how to value it? how art trade is organized? -- Recessions, financial crises and war : impact on the art sector -- How the super-rich...