Who runs the contemporary art market?

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art becomes valuable because dealers -- in form of gallery owners -- spot artists work think significant, , promote artists collectors via shows. critics visit shows , write reviews factors. on time, artist acquire importance , or works acquire value, if major museums, , not private collectors, decide work important enough buy or feature in exhibition.

major dealers tend located in large cities. 1 new york dealer extremely important in contemporary art world in 20th century discussed on site below:

which individuals dominate prices high value art, , how art become valuable?


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