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Legal and Commercial Factors Shaping the Global Art Market

art market /
Yusuf, Acrylic on canvas, 48 x 36 inches. Image Courtesy: Aura Art

Introduction to the Art Market Framework The value chain of the art industry can be a complex process. The ecosystem of the art market framework can be broadly categorized into primary and secondary markets, each serving distinct purposes in the commercialization of artworks. This guide, part of the Art Law Resources 2025, provides a comprehensive […]

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From Aristocratic Privilege to Investment Asset: The Evolution of the Art Market

art market /
Yusuf, Quanta, Acrylic, pencil, pen and ink on canvas, 67 x 43 inches, 2000. Image Courtesy: Aura Art

The Dawn of Art Patronage and the Renaissance Shift Art commissioning was once the exclusive domain of the aristocracy and ruling classes, who engaged artists to execute predetermined projects. The Renaissance period, however, marked a turning point. Artists began to enjoy greater creative freedom, and their unique styles garnered recognition among patrons. The value of

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