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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

Sook-Kyung Lee

One of the characteristics of Korean contemporary art is a continuous effort in employing and interpreting international art practices and discourses. Art movements from Europe and North America in particular, including Abstract Expressionism, Art informel, Minimalism, Conceptual art and Post-modernism, have influenced many Korean artists’ styles and ideas since the 1950s, providing formal and conceptual grounds for critical understandings and further experiments. Whilst some artists who maintained traditional art forms such as ink painting and calligraphy exercised modernist styles and abstract forms largely within the norms and conventions of traditional genres, a large group of artists proactively adapted to Western styles, employing new materials and techniques as well as the notions of avant-garde and experimentalism (see fig.).

A major critique of the reception of Western art and aesthetics came from ‘Minjung art’ (People’s Art) in the 1980s as part of instigating a nationalist and politically charged art strategy. Several art historians and critics who emerged in the 1990s also expanded the scope of the debate with postcolonial and pluralist points of view. The shift in social, economic and political environments played an important role in changing sensibilities in art, along with the advances of technology and new media in the 2000s. The high degree of diversity and sophistication of Korean art in terms of media and subject matters became widely acknowledged within and outside the nation, and an increasing number of artists started to work on the cutting edge of international art....

Article

Jean Robertson and Craig McDaniel

The final decades of the 20th century and the beginning of the 21st century witnessed an increasing propensity for artists to incorporate aspects of science in their own art. In many fields of scientific research—including the cloning of mammals, the genetic modification of crops, the creation of bioengineered organs and tissues, advances in nanotechnology and robotics, experimental research in how the human mind works and the study of artificial intelligence—the frontiers of knowledge pushed outward at an accelerated pace. In the spirit of creative inquiry, or in order to critique the goals and outcomes of scientific experimentation and application, artists regularly borrowed subjects, tools and approaches from science as a means to the production of art ( see fig. ).

In documenting and assessing the achievements of visual artists engaged with science, there was no broad consensus on the categorisation of artists’ work across the full range of activities, methods, motivations and use of materials. Assessments of artistic practice focused on artists’ work categorised by the traditional fields of science (e.g. artists who explore biology, artists who explore physical sciences). Other analyses of artistic practice focused on categories of art media (e.g. artists who use traditional means such as carving and casting to represent scientific discoveries, artists who explore and employ biological materials and scientific instruments)....

Article

Botond Bognar

(b Yamagata, Aug 10, 1948).

Japanese architect and critic. He was educated at the University of Tokyo, studying under Kenzō Tange and Sachio Ōtani. After graduating in 1975, he worked for Arata Isozaki from 1978 to 1983 and then established his own office in Tokyo (1984). At first he was both a designer and an architectural critic, contributing to numerous national and international journals and publications. In his architecture Yatsuka aims at an acceleration of modernism that is not only sharply critical of the reactionary, classicist and other historicist tendencies in international Post-modernism but also challenges modernist ideology and dogma. His ‘deconstructionist’ designs, loose assemblies of individual parts, which are influenced by contemporary French philosophy, occupy a position between Structuralism and Post-structuralism; they show affinity with the works of Rem Koolhaas (b 1944), Bernard Tschumi and Zaha Hadid (b 1950). His few completed projects include the acclaimed Angelo Tarlazzi Building (...