Print Friendly, PDF & Email

The art market is a competitive market governed by the principle of supply and demand. There are no reliable statistics on the art market, but the global art market is transparent for experts thanks to numerous internet databases and access to almost all auction results since the 1980s. Artworks are tangible assets with limited availability. Their market value is mainly influenced by purchases made by museums and collections.

Term-Nr.: 90

German: Kunstmarkt (492)

Source: Drittquelle m. e. E., 24.04.2010

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *