The Art Market

Cahill, Gemma (2004) The Art Market. Undergraduate thesis, Dublin, National College of Ireland.

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An investigation into how art achieves value

I studied art throughout my secondary school education and in a way, it has always been with me, through my own paintings. It was truly great to get back to it, in some sense, through this thesis. Throughout my art education, however, I was never really interested in artists’ names or movements. But what was it that made me feel so strongly about one piece or painting and yet nothing for another? It was the aura surrounding the paintings: the very essence that was missing from my own work.

What was it that made these pieces so great and, therefore, worth so much in both artistic and financial terms? It was a present of a book that provided me with the portal through
which I could link my two worlds. “The Art of Looking Sideways” gave me my first introduction to J. S. G. Boggs and the question;4 What gives art value?”

Although that question is impossible to completely answer, as much as the element of luck in business negates the possibility of a sure thing. It is possible, however, to
approach this question in a logical and intelligent fashion in hope of gaining further knowledge of how art achieves value.

To this end I will be approaching the topic from four different angles. The first topic being; the very notion of value itself from both the financial and artistic aspects. Then to show that art can lay its origins anywhere and how business has, in its time, served as the artist’s muse and will continue to do so. Thirdly: is the visual perception equally important in both the artist viewing the world and the people viewing the art? The psychology of perception would, of course, be void if one did not mention briefly how the visual process works and its bearing on perception. This is covered in chapter four. Finally I aim to explain the art market, some of its workings and possible weaknesses
within it.

Item Type: Thesis (Undergraduate)
Subjects: N Fine Arts > N Visual arts (General) For photography, see TR
H Social Sciences > HF Commerce
Divisions: School of Business > BA (Honours) in European Business and Languages
Depositing User: Tim Lawless
Date Deposited: 02 Jun 2010 12:08
Last Modified: 19 Aug 2014 16:21

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