Transformation of the global art market

Abstract

This paper uncovers the new trends on the global art market influencing its further development. The main treats of its transformation in the post-crisis period are revealed. The global art market in the XXI century is shaped by the growing online art market transactions, changes in the global art map pointing out its multipolarity, transformation of the art market institutional structure. The research is based on data provided by the leading analytical agencies on this market (ArtTactic, Artprice, TEFAF, Deloitte, Skate’s Art Market Research).