1st Edition

Global Art Markets History and Current Trends

Edited By Iain Robertson, Derrick Chong, Luís U. Afonso Copyright 2025
    336 Pages 3 B/W Illustrations
    by Routledge

    The art market is worth billions globally, despite the effects of the Covid-19 health pandemic. This book brings together a strong cast of contributors to explore contemporary and historical themes.

    Readers of the book will gain awareness of how historical foundations of arts markets continue to impact on contemporary global developments, while transformational digital technology shakes up the art world. With new insights into emerging arts markets, the book also covers themes and phenomena such as NFTs, secrecy, platforms, and financialization in the arts.

    The result is a book that will prove valuable reading for scholars involved in art markets studies.

    1. Introduction to Global Art Markets 

    Iain Robertson, Derrick Chong, Luís U. Afonso 

    Part I. History of art markets 

    2. World trade and artistic exchanges in early globalization: Lisbon c.1500 

    Luís U. Afonso 

    3. A mass market for the visual arts: the golden age of Dutch painting during the seventeenth century 

    Filip Vermeylen 

    4. The French provinces in the eighteenth century: a desert for the art market? 

    Sophie Raux 

    5. Collecting patterns for Chinese art: 1600-1935 

    Nick Pearce 

    6. Dealer networks: the global market for Impressionism and Post-Impressionism from 1870 until 1930 

    Frances Fowle 

    7. When the dealer shapes demand: Stefano Bardini, master influencer 

    Lynn Catterson 

    8. Regulating the wartime Dutch art market 

    Jeroen Euwe 

    Part II. New geographies and challenges facing art markets 

    9. Caribbean contemporary art: from (neo)colonial outpost to creative eco/system 

    Carlos Garrido Castellano 

    10. Heirs of the feathered serpent: the emergence of indigenous contemporary art in Brazil 

    René Lommez Gomes 

    11. Western auction houses’ global expansion 

    Natasha Degen 

    12. Singapore’s aspirations to be a global art market hub 

    Anita Archer 

    13. How do emerging artists enter the art market? A view from France 

    Jérôme Glicenstein 

    14. Collecting contemporary art in Russia 

    Marina Maximova 

    15. The art market out of sight 

    John Zarobell 

    Part III. Digitalization and financialization of art markets 

    16. Web3 and the global art market: smokescreens and opportunities 

    Nicolas Galley 

    17. Art market innovation 

    Loizos Petrides 

    18. Platformisation and transparency in the global art market 

    Marios Samdanis 

    19. NFTs (non-fungible tokens) and the emergence of a new category in Sotheby’s and Christie’s global auction market 

    Marta Herrero & Georgia Gerson 

    20. Disruptive innovation or innovation delusion? Impact of NFTs on the Korean art market 

    Minha Lee & Woongjo Chang 

    21. Digital art and value creation: exploring art market dynamics 

    Melanie Fasche 

    22. On returns and risks in art auction markets 

    Yuexin Li & Luc Renneboog 

    23. Art as an asset class and as a component of a financial portfolio 

    Kim Oosterlinck


    Iain Robertson is Professor of Art and Culture Management at Hongik University, South Korea.

    Derrick Chong is Senior Lecturer in Business and Management at Royal Holloway, University of London, UK.

    Luís U. Afonso is Senior Associate Professor of Art History at the School of Arts and Humanities of the University of Lisbon, Portugal.