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...