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Art Markets, Law, and Economics

Grove Art Online is pleased to announce the release of 26 new and significantly updated articles on the topic of Art Markets, Law, and Economics. The expansion of this subject area was motivated by a steadily growing interest, over recent years, in art as an investment vehicle, innovations in art-related services, and widening scholarly inquiries into the history of art markets. The entries mostly deal with technical terms related to sales transactions, biographies of dealers or collectors, and historical abstracts about institutions, especially auction houses.

This project includes major new subject entries on Art Indices, E-Commerce, Art Advisors, Attributions, Auction House Specialists, Cultural Capital, Globalization of the Art Market, and the Markets for African and Oceanic art, along with major revisions dealing with Investments, Collecting, and the definition of the Art Market itself. Several major auction houses and their histories now found their place in Grove Art Online: Bonhams, Dorotheum, and Phillips de Pury; the information on Christie’s was thoroughly updated. Attention was also given to those who either pioneered art markets past and present, or who pointed to new directions in the study of the economic dimension of art. Nine new and revised biographical entries on art world figures like Jeffrey Deitch, Larry Gagosian, Edmé-François Gersaint, Walter Hopps, Jean-Baptiste-Pierre Le Brun, Tony Shafrazi, Norton Simon, Michael Montias, the Wildensteins, and the Guggenheims, thus complete the overview.

I would like to thank all contributors who brought their expertise to this project for their time and dedication. Furthermore, I would like to express my gratitude to Alodie Larson, Editor of Grove Art/Oxford Art Online, for her untiring help and support in making the entries an intellectually engaging and exciting read for anyone interested in the latest trends in art market scholarship.

Darius A. Spieth
Professor of Art History, Louisiana State University

Noël Annesley, Christie’s: Christie’s
Bruno Claessens, independent scholar: Market for African and Oceanic Art
Robert Cumming, Boston University: Collecting
Natasha Degen, Sotheby’s Institute of Art: Art Market
Molly K. Dorkin, Simon C. Dickinson Ltd: Art Adviser, Auction House Specialist, Attribution, Dorotheum, Phillips, Bonhams, Sotheby's
JoLynn Edwards, University of Washington, Bothell: Edmé-François Gersaint, Jean-Baptiste-Pierre Le Brun
Malcolm Gee, Northumbria University: Heinz Berggruen
Joseph R. Givens, Louisiana State University: Cultural Capital, Jeffrey Deitch, Larry Gagosian, Walter Hopps, Tony Shafrazi, J.Paul Getty, Primary and Secondary Markets
Titia Hulst, Purchase College: Leo Castelli
Roberta A. Kwall, DePaul University: Moral Rights of Art
Victoria Reed, Museum of Fine Arts, Boston: Provenance
A. Deirdre Robson, University of West London: Norton Simon, Wildenstein, Guggenheim
Gary Schwartz, independent scholar: Michael Montias 
Christophe Spaenjers, HEC Paris: Art Index, Investment, Art-related Finance (forthcoming)
Olav Velthuis, University of Amsterdam: Globalization of the Art Market 
Leonard Wolk, Colby College: E-Commerce and the Art Market 

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