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The Prologue outlines the main characteristics of the art market boom between the early 1990s and 2008. It highlights an unprecedented growth of the art world and sketches the growing distortion of price levels for living artists at auction and real values supported by career building by commercial gallerists symptomatic for over-speculation on enduring value during boom times.
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Adam, G., Gerlis, M., Dobrzynski, J., & Mason B. (2007, December 8–9). Art market alive and kicking. Dealers report strong sales despite fears of economic downturn. The Art Newspaper, 1.
Artprice. (2008). Contemporary art market. The artprice annual report. http://imgpublic.artprice.com/pdf/fiac08en.pdf. Accessed 8 February 2013.
Baer, J. (2008, October). Speculation in young artists is over, and the smaller dealers will be hurt the most. Perhaps the silver lining is a return to the importance of museums and critics. The Art Newspaper, 195.
Bevan, R. (2008, July–August). Damien Hirst is rewriting the rules of the market (1). The Art Newspaper, 193, 31.
Economist (2010, July 2). The elephant in the room. http://www.economist.com/blogs/newsbook/2010/07/artview. Accessed 8 February 2013.
Fasche, M. (2013). Making art history—Wealthy private collectors and contemporary visual art. In Hay, I. (Ed.), Geographies of the super-rich (pp. 171–185). London: Edward Elgar. CrossRef
Feigen, R. (2007, July–August). It’s definitely a bubble, but when it will burst is anybody’s guess. The Art Newspaper, 182, 28.
Kallir, J. (2007, July–August). The problem with a collector-driven market. The Art Newspaper, 182, 29.
McCarthy, K. F., Ondaatje, E. H., Brooks, A., & Szántó, A. (2005). A portrait of the visual arts. Meeting the challenges of a new era. Santa Monica, CA: RAND Corporation.
Petterson, A. (2008, November). Tough times will provide opportunities. The Art Newspaper, 196.
Pogrebin, R., & Flynn, K. (2011, May 30). Does money grow on art market trees? Not for everyone. The New York Times. http://www.nytimes.com/2011/05/31/arts/design/not-all-art-market-prices-are-soaring.html?_r=0. Accessed June 2 2011.
Ruiz, C., & Pes, J. (2010, June 18–20). Still a “sensation”? How much do the Young British Artists matter as they enter middle age. The Art Newspaper, 2.
Saltz, J. (2009, February 18). The art market is more moral than the stock market. The Art Newspaper.
Sotheby’s. (2008). Auction results: Damien Hirst—Beautiful inside my head forever. http://www.sothebys.com/en/auctions/2008/damien-hirst-beautiful-inside-my-head-forever.html. Accessed September 25 2008.
Stallabrass, J. (2006). High art lite. The rise and fall of Young British Art. (revised and expanded edition). London: Verso.
Thornton, S. (2008a). In and out of love with Damien Hirst. The Art Newspaper, 195, 39.
Thornton, S. (2008b, July–August). Damien Hirst is rewriting the rules of the market (2). The Art Newspaper, 193, 31.
Vogel, C. (2007a, November 14). At an enthusiastic Christie’s sale, ‘one million dollars is the new 10 grand’. The New York Times. http://www.nytimes.com/2007/11/14/arts/design/14auction.html. Accessed 15 November 2007.
Vogel, C. (2007b, November 15). Big prices for Bacon paintings lead sales of $315.9 million, a record total for Sotheby’s. The New York Times. http://www.nytimes.com/2007/11/15/arts/15auction.html. Accessed 16 November 2007.
- Chapter 1