Introduction: Art and finance
The editorial premise of this special issue is that the adage ‘art and money do not mix’ is now wholly untenable. As detailed in our extended interview with Clare McAndrew, the art market has grown rapidly over the last twenty years, leading to systemic and structural changes in the art field. For s...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2016-01-01
|
| Series: | Finance and Society |
| Online Access: | https://www.cambridge.org/core/product/identifier/S2059599900001588/type/journal_article |
| _version_ | 1797255771672543232 |
|---|---|
| author | Gerald Nestler Suhail Malik |
| author_facet | Gerald Nestler Suhail Malik |
| author_sort | Gerald Nestler |
| collection | DOAJ |
| description | The editorial premise of this special issue is that the adage ‘art and money do not mix’ is now wholly untenable. As detailed in our extended interview with Clare McAndrew, the art market has grown rapidly over the last twenty years, leading to systemic and structural changes in the art field. For some, this growth of the market and its significance for art is an institutional misfortune that, for all of its effects, is nonetheless inconsequential to the normative claim that art and money shouldn't mix. This commonplace premise looks to keep the sanctity or romance of art from the business machinations of market mechanisms, as eloquently summarised by Oscar Wilde's definition of cynicism (‘knowing the price of everything and the value of nothing’). This issue repudiates that normative moral code, and precisely for the reasons just stated: by now, the interests of the art market permeate all the way through the art system. The interests of the art market shape what is exhibited and where; what kinds of discourse circulate around which art (or even as art) and in what languages; and what, in general, is understood to count as art. In short, the art market - comprising mainly of collectors, galleries and auction houses - is now the primary driver in what is valuable in art. |
| first_indexed | 2024-04-24T22:11:09Z |
| format | Article |
| id | doaj.art-10e15303d9fd4e96923f600a3b6718cf |
| institution | Directory Open Access Journal |
| issn | 2059-5999 |
| language | English |
| last_indexed | 2024-04-24T22:11:09Z |
| publishDate | 2016-01-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Finance and Society |
| spelling | doaj.art-10e15303d9fd4e96923f600a3b6718cf2024-03-20T08:20:15ZengCambridge University PressFinance and Society2059-59992016-01-012949510.2218/finsoc.v2i2.1723Introduction: Art and financeGerald Nestler0Suhail Malik1AustriaGoldsmiths, University of London, UKThe editorial premise of this special issue is that the adage ‘art and money do not mix’ is now wholly untenable. As detailed in our extended interview with Clare McAndrew, the art market has grown rapidly over the last twenty years, leading to systemic and structural changes in the art field. For some, this growth of the market and its significance for art is an institutional misfortune that, for all of its effects, is nonetheless inconsequential to the normative claim that art and money shouldn't mix. This commonplace premise looks to keep the sanctity or romance of art from the business machinations of market mechanisms, as eloquently summarised by Oscar Wilde's definition of cynicism (‘knowing the price of everything and the value of nothing’). This issue repudiates that normative moral code, and precisely for the reasons just stated: by now, the interests of the art market permeate all the way through the art system. The interests of the art market shape what is exhibited and where; what kinds of discourse circulate around which art (or even as art) and in what languages; and what, in general, is understood to count as art. In short, the art market - comprising mainly of collectors, galleries and auction houses - is now the primary driver in what is valuable in art.https://www.cambridge.org/core/product/identifier/S2059599900001588/type/journal_article |
| spellingShingle | Gerald Nestler Suhail Malik Introduction: Art and finance Finance and Society |
| title | Introduction: Art and finance |
| title_full | Introduction: Art and finance |
| title_fullStr | Introduction: Art and finance |
| title_full_unstemmed | Introduction: Art and finance |
| title_short | Introduction: Art and finance |
| title_sort | introduction art and finance |
| url | https://www.cambridge.org/core/product/identifier/S2059599900001588/type/journal_article |
| work_keys_str_mv | AT geraldnestler introductionartandfinance AT suhailmalik introductionartandfinance |