|Published Online: January 19, 2016||$US5.00|
The relation between art, society, and economy has been valued not only in the cultural sphere but also in the economic and social spheres. Today, the contemporary visual arts face the vicissitudes of a multi-scale market that embodies a diverse and complex network of actors and agents (artists, consumers, businesses, schools, museums, public institutions and the financial market) and because of the increased consumption of the arts by the middle class and the middle high class, particularly as alternative investments that, in recent decades, guarantee a reduced risk compared to traditional financial and real estate investments. Furthermore, those involved in European cultural politics have taken a more proactive approach towards the promotion of a qualified and dynamic cultural and artistic sector, looking for both the promotion and strengthening of identities, thus helping to promote both social and territorial cohesion; and to increase the competitiveness of places by influencing cultural and artistic production and affecting the economy of cultural goods and its institutions. In this context, this paper looks to the visual arts and the activity of production and consumption through the dynamic relationship between actors in traditional circuits in which the market operates, such as Arte Lisboa Festival, International Contemporary Art Fair. We intend to understand what kind of market this is, the size of this network and who the actors are, and the urban institutions involved. Our argument focuses on the Lusophone network, mainly Angola and Brazil—both of which are emerging economies–and its important role in stimulating the art market, enriching Portuguese culture and inspiring new social dynamics.
|Keywords:||International Art Market, Contemporary Art Fairs, Lusophone Network, Urban Actors|
The International Journal of Social, Political and Community Agendas in the Arts, Volume 11, Issue 1, March, 2016, pp.1-14. Article: Print (Spiral Bound). Published Online: January 19, 2016 (Article: Electronic (PDF File; 1.376MB)).
Geographer and researcher, Institute of Geography and Spatial Planning, University of Lisbon, Lisbon, Portugal
Associate Professor and researcher, Institute of Geography and Spatial Planning, University of Lisbon, Lisbon, Portugal