Business
March 2015 Issue 16What are the mysterious ways in which the art world works? It is undeniably built upon commercial transactions amongst other things and consequently the market. The circuit gives the impression that it can easily be mapped by defining networks that include dealers, galleries, auction houses, collectors and museums. The ways in which art can be marketed does not reduce itself to billboards, commercials or advertorials – the idea itself seems absurd. Auction houses, galleries and art fairs probably indicate a straight forward economy, but throw in the proliferation of biennales, foundations, residencies, and funding agencies, and the possibility that one work can simultaneously access all these spaces, we have an alphabet soup, not a sure shot formula of demand and supply.
This issue hopes to somewhat loosen this knot of various strands, and observe if there indeed is a method to the madness of the art world. Towards this end we have featured a series of conversations between art writers/ historians and key players in the business of art to unravel the multiple levels at which the art world functions. The intent as usual with TAKE, hasn’t been to develop a formula or push for singular understandings, but to let discourses evolve, intact with their contradictions and multiple vantage points.
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