Created by: Michelle Wong
Number of Blossarys: 1
English (EN) An end product of the arts. Cultural goods are considered to be distinct from other goods and services owing to certain necessary features: they require some input of human creativity, possess or ...
An economic phenomenon whereby costs continue to rise in sectors that experience no increase in labour productivity, leading to an ever-widening gap between costs and revenues. This scenario was ...
The market in which original works are sold for the first time. Like the broader financial market, the art market operates on a two-tier system. It is at this first level that artists sell directly ...
The market in which existing works are offered by dealers and auction houses for resale. Like the broader financial market, the market for works of art operates on a two-tier system. Most activity, ...
The historical record of the ownership, custody, and location of a work of art. Provenance is one of the most important and measurable elements in the valuation of artwork. Though not itself a ...
The system of individuals, groups, and institutions involved in creating, exhibiting, promoting, buying, and selling art. Principal actors include artists, museums, galleries, auction houses, and ...
A scholarly, annotated compilation, organized either chronologically or thematically, of all of an artist's known works in a given medium. Each work is described through technical, bibliographical, ...
