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Globalization and the Art Market

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Yoyo 1
Yonia Yoyo

Professor Doyle
Art 333 

20 September 2015

Globalization and the Art Market

The expression "globalization" is universal and loose. In any case, it is important to consider what it implies for the craftsmanship market and the most extensive circle of aesthetic creation. According to Manfred B. Steger’s book, Globalization: A Very Short Introduction, the term globalization refers to the “expansion and intensification of social relations and consciousness across world-time and world-space” (Steger). In other words, globalization applies to an arrangement of social procedures that seems to change our present social state of debilitating nationality into one of globalist. In the book of Globalization, Steger defines globalization as a “social process through the shifting of human interactions by reaching the goal of globality.” He then explained that by adding the suffix ‘-ization,’ the term globalization means that the process of globality is still under the development towards a new condition of postmodern globality; that globality has not yet been reached. Globalization equivalents to cross-outskirt trade of worth, including monetary action. Merchandise and administrations change hands crosswise over area and ocean and individuals profit.
The relationships between the global and the local art market work closely together: examining at the art market in a local scale is the best way for one to look at the art market in a global context. For instance, the easiest and the fastest way to examine America’s art market is to examine cities like New York, as it is considered a “global city” — the major center of entertainment, decision making, culture, research, religion, manufacturing, transport, sport, etc.

Stated in “Hans Belting in Conversation with Clare McAndrew,” the key developments in the art economy is the “popularity of

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