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Article

Christophe Spaenjers

Set of financial methods, instruments, and business models that are used in the Art market. Important developments since the 1960s include the spreading availability and use of art price information and price indexes (see Art index), the emergence of loans collateralized by artworks, repeated efforts to create art investment structures, and a strong growth in art market advisory services provided by wealth managers and new entrepreneurs (see also Investment).

The first major development has been the spread of art price information and art price indexes over the last half-century. After a few difficult decades, art price levels and public interest in the art market were going up again in the 1950s and 1960s. A number of books on the history of the art market and on art investment that were published around that time—Le Vie Etrange des Objets (1959) by Maurice Rheims, Art as an Investment...

Article

[emerging art markets]

Since the 1980s art markets have developed rapidly outside of Europe and the USA. In the so-called BRIC countries (Brazil, Russia, India, and China) this development has been particularly dynamic. With aggregate sales estimated at €11.5 billion, China is the second largest market for art and antiques in the world after the USA (McAndrew 2014). Works of art made by modern and contemporary artists from all four countries regularly fetch more than $1 million at auction.

The rise of the BRICs has coincided with the global integration of what used to be local art markets: demand for and supply of particular artists or artistic movements may now be dispersed across the globe. The boom which global art markets have witnessed in the new millennium can be attributed partially to new buyers from countries like China and Russia developing an interest in art, both old and new. In describing the emergence of the BRICs, the focus in this article will be on modern and contemporary art, since that is where market development has been most significant, both qualitatively and quantitatively....

Article

Teresa del Conde

revised by Deborah Caplow

(b Juchitán, Oaxaca, Jul 17, 1940).

Mexican painter, sculptor, textile designer, printmaker, and collector. He grew up in the Isthmus of Tehuantepec, an area that was rich in legends, rites, and beliefs springing from a strong Zapotec tradition predating the Spanish conquest of Mexico. He began to draw and paint at a very early age, studying first in Oaxaca, where he produced linocuts in the graphic workshop run by Arturo García Bustos (1926–2017). In 1957 he moved to Mexico City to attend the Escuela de Diseño y Artesanía of the Instituto Nacional de Bellas Artes. After holding his first solo shows of gouaches and prints in 1959 in Fort Worth, Texas, and Mexico City, he moved in 1960 to Paris, where until 1963 he studied printmaking under Stanley William Hayter. While continuing to work within Western traditions, he became interested in the art of Asian cultures and in ancient Mexican art, especially in those forms that were not officially sanctioned....