ASSIGNMENT ID
1014915
SUBJECT AREA Self improvement
DOCUMENT TYPE Essay
CREATED ON 9th April 2018

UK Art Marketplace and the OVERALL ECONOMY Essay

How will the financial crisis affect UK artwork marketplace from 2006 to 2011? Is art marketplace a different region from the financial crisis? My study is aiming to collect and analysis data from two primary auction businesses in UK, in order to show the art market trend during the changing financial environment in UK. Furthermore, the article shall try to demonstrate that art market remains independent from other financial factors, and by consuming artwork antiques and functions is a well balanced way of investment. By collecting secondary data from Sotheby’s mainly, Christi’s of UK auction records, furthermore, by undertaking interviews to stuffs from the auction company, first-hand and second-hand information will be acquired and applied in the comprehensive research dissertation. Finally, in comparison to the original trade tunnels, the article shall give clues to innovative trade mode throughout the UK art market. Background: As Moulin (1987) indicated that the art market may be the place which allows cultural goods exchange to a commodity. The innovative art market includes a great range of collecting, investing chances (Robertson, 2005). Based on the expert departments at auctions like Christie’s and Sotheby’s, the things that are dealt in the marketplace are categorized to Ethnographic and Ancient Arts, Asian Arts, Books & Manuscripts, Ceramics & Cup, Collectibles & Memorabilia, Home furniture & Decorative Arts, Great Estates, Jewellery, Paintings & Drawings & Sculpture, etc. (Resch, 2011). Nevertheless, the state of artwork market is usually governed by three elements which will be the availability of art to market, the world financial environment and the dictates of style (Taylor& Brooke, 1969). A recently available survey from The European ARTWORK Foundation on global artwork market (Du, 2010).

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