Contemporary Art Commons^™

Bridging Culture And Capital: The Financialisation Of Middle-Tier Contemporary Art In Emerging Markets, Ned Carter

MA in Art Business Dissertations

This dissertation examines the rising trend of the financialisation of middle-tier art markets in emerging economies, with a focus on corporate and institutional case studies from the continents of Africa and Asia. The research is driven by a central question: What are the key mechanisms turning middle-tier contemporary art into a financial asset class in these emerging markets? To answer this, the study analyses how financial tools, market intermediaries, and new wealth drivers are transforming art collecting practices in non-Western contexts. A qualitative case-study methodology is employed, comparing multiple institutions, mainly banks, investment funds and insurance firms, that actively engage …

Gender, Feminism, And Market Dynamics: Examining Gender And Feminism In The Art Market Through Two Female Chinese Artists, Hung Liu (劉虹) And Yu Hong (喻红), Amelia Campbell-Breeden

MA in Art Business Dissertations

This dissertation examines the articulation of feminist expression in contemporary Chinese women’s oil painting and its positioning and valuation within the art market. A focus is placed on Yu Hong and Hung Liu, analysing the interaction of gender, race, and censorship within both domestic and global frameworks. The study employs Grounded Theory to integrate qualitative and quantitative evidence from literature, exhibitions, market reports, rankings, and auction data, aiming to develop a theory from under-explored material instead of applying Western feminist beliefs.

Research suggests that recent advancements in female visibility are often driven by positive discrimination and curatorial “translation”, which uses …

Existential Reckonings: Covid-19’S Impact On Women Artists In New York And The Art Market During A Time Of Crisis, Elizabeth Glynn

MA in Art Business Dissertations

This dissertation investigates the impact of COVID-19 on women artists in New York City, emphasizing the existential challenges they faced and their responses within the art market. Through qualitative interviews, this research reveals how the pandemic catalyzed critical introspection, prompting artists to reevaluate their identities and creative practices. Despite systemic barriers to visibility and recognition, women artists exhibited resilience and adaptability, leveraging digital platforms to foster community engagement and expand their reach. This study dives deeper into the representation and support of women in the art sector, highlighting the interconnectedness of existentialism, creativity, and the evolving art market.

Negotiating Independence And Representation: The Role Of Galleries In Shaping Emerging Artists’ Careers In London, Filippo Fazzini Matteucci

MA in Art Business Dissertations

This dissertation analyses the impact of gallery representation on the career progression of emerging artists in the London art ecosystem. The research draws on qualitative data, gathered through the completion of four semi-structured interviews. Participants were selected between two London galleries - Almine Rech and Gallery Rosenfeld - and included two artists and two managers. The study examines four interrelated themes: the negotiation between representation and independence; the role of trust and informality in shaping artist–gallery relationships; the influence of visibility through social media platforms; and the participants’ definitions of success. The research reveals that representation and independence are not …

How Do Female Artists In The Middle East Navigate Art Market Legitimacy, And How Do Experiences Differ Between The Levant And Gulf Regions?, Noura Alzaim

MA in Art Business Dissertations

This dissertation examines the journeys and challenges faced by female artists in the Middle East as they strive for recognition and legitimacy within the region’s evolving art markets. By comparing the lived experiences of artists from the Levant, where creativity often flourishes in grassroots and diaspora circles, to those cultivating their careers amid the state-driven, rapidly expanding cultural landscape of the Gulf, the research brings distinct artistic perspectives into conversation. Combining interviews, theoretical inquiry, and analysis of press releases, essays, and market data, the study highlights how history, political context, and institutional structures shape opportunities and obstacles. Central chapters show …

Size Matters: How Physical Scale Is (Or Is Not) Rewarded In A Global, Ultra-Contemporary, Online Art Market, Odd Halvdan Sakse Orstavik

MA in Art Business Dissertations

This dissertation examines how the relationship between the size and price of paintings has evolved throughout the 21st century by analysing an up-to-date dataset of 18,821 works by 103 artists offered at auction between 2000-2025 within 3 distinct segments of the market (Blue-Chip, Contemporary and Ultra-Contemporary). The main finding is that the size elasticity differs in each of these segments. It is highest for the Blue-Chip segment (0.71), lower for the Contemporary segment (0.59) and lowest for the Ultra-Contemporary segment (0.55). Contrary to many previous results, it finds no optimal size within the range of works offered at auction. As …

Changing Art Market Trends And Collector Preferences In India’S Metropolitan Hubs Amid Economic Growth, Gauri Minocha

MA in Art Business Dissertations

The dissertation aims to explore how India’s post-liberalisation economic rise has shaped the structure, buying trends, and consumer behaviour within the urban art market, with the focus being on the country’s two main hubs- Delhi and Mumbai. It investigates the role of economic liberalisation, demographic shifts, globalisation, digitisation, and regulatory frameworks in reshaping the market. A mixed-method approach, combined with site visits, studying existing research, and conducting semi-structured interviews with key market players- gallerists, collectors, advisors, and fair directors, was employed. The findings reveal that the Indian market followed a ‘boom-bust-boom’ cycle post liberalisation, with the pandemic serving as a …

Contemporary Art And Cultural Identity In Post-Soviet Kazakhstan, Dinara Saduakassova

MA in Art Business Dissertations

This dissertation explores the development of contemporary Kazakhstani art after 1991, arguing that the independent nation’s international cultural visibility is defined by artists rather than institutions. Operating without state infrastructure, Said Atabekov, the Kyzyl Tractor collective, Almagul Menlibayeva, Saule Suleimenova, and Yerbossyn Meldibekov gained international recognition via biennales, exhibitions, and transnational networks. Their practices challenge state narratives of heroic nationalism and Western expectations. Case studies, interviews, and analysis of Rukhani Zhangyru and new institutions like Tselinny, enable this dissertation to argue that Kazakhstan’s position in global art history is artist driven.

Censorship In The Indian Art Market: Legal, Institutional, And Commercial Implications, Kritika Salhotra

MA in Art Business Dissertations

This dissertation examines censorship of art in an Indian context, focusing on artistic production, exhibition practices, and the commercial viability of dissenting art. Drawing on case studies from institutional controversies, legal judgments, and interviews with practitioners, the study analyses how censorship operates not only through law but also through institutional gatekeeping and market mechanisms. The research finds that while Indian courts, particularly at the higher levels, have shown slow progress towards becoming liberal, the persistence of vague obscenity provisions and inconsistent jurisprudence sustains a climate of legal ambiguity. Extralegal pressures often shape curatorial decisions, leading art organisations to retreat or …

Milan As A Future Art Capital: Opportunities And Limitations Within The European Art Landscape, Camilla Zoe Nicelli

MA in Art Business Dissertations

Italy is renowned world-wide for its cultural heritage but contemporarily being resistant to innovation, however Milan can be viewed as an exception. it’s a city which combines art, fashion, finance and design, and it has been recognised as a future art capital. Nevertheless, there is a significant absence of scholarly research analysing the Milanese art market in a systematic manner. The aim of this dissertation is to answer the following research question: “What factors will allow Milan to establish itself within the European art landscape, and what are the challenges that might limit its rise as an art capital?”. This …

Institutional Legitimation And Artistic Value In Portuguese Contemporary Art, Constança Maria Lobo De Castro Afonso

MA in Art Business Dissertations

This dissertation examines the mechanisms of institutional legitimation in the Portuguese art market, with main emphasis on museums, curatorial practices, media mediation and the ever-changing role of public participation. Drawing field theory (Bourdieu), art world sociology (Becker) and recent studies of media and symbolic capital, it positions Portugal as a ‘semi-peripheral’ market in which institutional framing and international infrastructures play a critical role in establishing value and reputation. The literature review shows that legitimacy is collectively produced by a constellation of actors, narratives and conventions, rather than solely by the intrinsic properties of artworks or straightforward market demand.

Through a …

Female Ultra-Contemporary Artists: Rise And Career Trajectories, Alexie Talabard

MA in Art Business Dissertations

Over the past decade, ultra-contemporary women artists, those born after 1974, have gained important visibility and market success. Despite the attention they attract, there has been little academic research on why this rise has happened. This dissertation explores the factors behind their prominence, looking at how the art market, institutions, social movements and digital platforms, have shaped their success.

The study draws on literature, market data, case studies and interviews to situate these artists within both commercial and cultural contexts. It finds that their rise is not just a short-term trend but reflects broader shifts in the art world, including …

The Price Of Zero: On Aesthetics, The Market, And The Salvage Art Institute, Emily Henson

Theses and Dissertations

Founded by Elka Krajewska, The Salvage Art Institute (SAI) recontextualizes artworks classified as "total loss" through public exhibition and archival practices, and challenges conventional art market values by exploring alternative frameworks for artistic worth.

Art As Asset: The Rise Of The Financialized Art Market And The Abstraction Of Value, Kenneth Knothe

Pitzer Senior Theses

This thesis investigates the financialization of art through the expanding use of art-backed loans and institutional involvement. It focuses on how artworks—once primarily valued for their aesthetic or cultural significance—are now routinely treated as financial assets within the art market. The paper uses case studies from Sotheby’s Financial Services and Mitchell F. Chan’s blockchain-based reinterpretation of Yves Klein’s Zones of Immaterial Pictorial Sensibility. Drawing on the work of Walter Benjamin, Pierre Bourdieu, and Wendy Brown, it argues that this shift undermines museums’ roles as cultural stewards and redefines the meaning of value in the art world to something more quantifiable. …

The Sole Result Is The Game, Julia Taszycka

Theses and Dissertations

I address the idea of the game understood both from the perspective of the art world and the socio-economic system. My recent projects have been based almost entirely on found objects, bearing strong traces of damage, deterioration, and destruction.

Selling Transcendence: The Rise Of Experience And The Big Business Of Immersive Art, Emeline Callaway

MA Theses

There has been an explosion of immersive art experiences over the past few years. Even as the pandemic has taken a toll on tourism, immersive art ventures and experimental museums have expanded around the world, drawing significant crowds and offering investors an inside into a new, emerging industry. This thesis ties these new experiential businesses to the history of art through an analysis of immersive artistic exploration over time and connects the current forms of investment to the history of immersive art patronage. Exploring the relationship between major economic shifts and the development of the art market, this thesis explains …

What Are The Challenges Of Establishing The Fair Market Value (Fmv) Of Guggenheim Founding Collection? If The Transparency Of An Asset Value Is Possible On Non-Profit Financial Year Report, How Can The Fmv Preserve The Continuity Of Public Art Patronage, In Spite Of, Deaccession Artwork From The Guggenheim’S Collection Being Sold On The Auction Market?, Leng Ho

MA Theses

A collector’s financial interest in purchasing works of art is often motivated by potential return on investment. These collectors have heard countless stories of others gaining huge financial returns after consigning rare works of art from a museum collection. In recent decades, rising debates on the capitalizing of museum collections to gain financial assets allude to long-term negative repercussions. Those opposed postulate that art patron will lose trust in a museum’s ability to care for its publicly-owned collections. Deaccession is a difficult research topic, attempts to resolve any conflicts of interest in the matter of selling cultural work of art …

Story Of Twin Cities, Who Will Be The Next Storm Center Of Art Fairs?, Rui Bian

MA Theses

Since 2000, with the rapid development of China's economy, the evolution of contemporary art fairs in China has been accelerated. This paper takes two representative cities, Beijing and Shanghai, as examples. In the past one decade, Shanghai and Beijing have respectively led the trend of contemporary art market due to various internal and external factors. This paper uses PEST model to analyze, trying to find out who will be the next center of contemporary art in the next ten years.

The first part of this paper mainly starts from the differentiations in policies and regional distributions of Chinese contemporary art …

Chuck Close: The Cost Of Behaving Badly, And #Metoo, Rebecca Cohen-Homapour

MA Theses

In July of 2016, artist, Chuck Close was interviewed with a front cover spread in New York Times Magazine to discuss his legendary career. In December of 2017, Close was accused of sexually mistreating women on numerous occasions. This dissertation considers the powerful artist Chuck Close and repercussions following recent accusations against him made by multiple women. It will help us begin to understand how the recent allegations affect art museums and public exhibitions. There is also a discussion analyzing if an artists’ work can be separated from the reputation of its author. A hedonic regression, data analysis and interviews …

Les Rues Des Tableaux. Géographie Du Marché De L'Art Parisien (1815-1955), Léa Saint-Raymond, Félicie De Maupeou, Julien Cavero

Artl@s Bulletin

Continuation of a first socioeconomic analysis of the "art dealers" in Paris between 1815 and 1955 (Artl@s Bulletin 2, no. 2), this paper presents the results of a spatial study of the Parisian art market at that time. Departing from serial geographical data given by a homogeneous source, the Bottin du commerce, we mapped a 140 years spatial evolution of the "art dealers", using a geocoding system with composite locators. The article exposes the spatial dynamics of this market and studies them in a multi-scalar way, making the connection between the global evolution of the Parisian economy and …