The art market is an economic model with more variants than just supply and demand. In this hybrid prediction market, numerous different cultural parameters, people, and institutions determine an artwork’s price. Like money, art has a very small intrinsic value. Human stipulation and declaration create and sustain its commercial value. Understanding […]
In the Mearto blog, we bring the auction world closer to you by keeping eye on the upcoming auctions and current trends on the art market, and give inspiration by featuring unique objects of art and design.