Evolving impact of the auction houses in Turkish contemporary art market

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International Journal of Social Sciences and Education Research
Volume:3 Issue:4
Evolving impact of the auction houses in Turkish contemporary art market

Evolving impact of the auction houses in Turkish contemporary art market

Pages : 1140-1146

View : 20 | Download : 11

Publication Date : 2017-10-01

Article Type : Research Paper

Abstract :There are vital institutions serving the production, distrubution and consumption of the contemporary art works and constituting the value of art. One of those institutions, an Auction House, as being solely a commercial entity, directly affects the perception of the art value via pricing. However, market value is not necessarily a fair and sufficient indicator and does not necessarily correspond to the artist’s career path. According to the artists, the perception of value attributed by that price per se, harmed the artists’ reputations and careers. This research aimed to analyze the presence of Auction Houses in Turkish contemporary art market.
Keywords : Turkish Contemporary Art MArket, Auction houses, Value of Art

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