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GLobal cOntemporary art market: the intrinsiC and sociologicAL components of FINancial and artistic valuE of ARTtworks (GLOCALFINEART)
Start date: Dec 1, 2013, End date: Nov 30, 2017 PROJECT  FINISHED 

The Contemporary Art world and market lack the basic information support and analytical tools that are widely available in similar environments and even for Pre-impressionist and Modern art. The huge amount of information (magazines, fairs, galleries etc.) available in various languages, creates chaos and is not summarised in any useful way which takes into account the different weight that phenomena may have in different environments. As a consequence the Contemporary art world and market are increasingly nontransparent, fragmented, oligopolistic and difficult to newcomers. This is especially true for Europeans, whose local worlds and markets are loosing appeal, and who lack the tools to look at developing countries. On the other side, the creation of appropriate analytical tools requires to concentrate knowledge now scattered in different areas (art economics, art history), further deepen and widen it, use it in a way typical of a private company. The partners in this project will develop the necessary sinergies to meet such challenge through an intense transfer of knowledge program and very close interaction. The project will lay ground for a whole new suite of studies on the art market, open new business opportunities, set a model useful also outside the Contemporary Art World.

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