Evolving impact of the auction houses in Turkish contemporary art market

Year 2017, , 1140 - 1146, 01.10.2017

Güldehen Kaya

https://doi.org/10.24289/ijsser.311562

Cited By: 1

Abstract

There are vital institutions serving the
production, distrubution and consumption of the contemporary art works and
constituting the value of art. One of those institutions, an Auction House, as
being solely a commercial entity, directly affects the perception of the art
value via pricing. However, market value is not necessarily a fair and
sufficient indicator and does not necessarily correspond to the artist’s career
path. According to the artists, the perception of value attributed by that
price per se, harmed the artists’ reputations and careers. This research aimed
to analyze the presence of Auction Houses in Turkish contemporary art market.

Keywords

Turkish Contemporary Art MArket, Auction houses, Value of Art

References

• Ooi, Can-Seng (2010). Cacophony of Voices and Emotions: Dialogic of Buying and Selling Art. Culture Rebound, Volume: 2, 347-364.