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Aug 30, 2024 · Transparency has emerged as the watchword of the art market in recent times, as the traditionally opaque practices of the art world are being challenged. The call for greater openness and accountability has come from all sectors of the art world, including artists, collectors, and buyers. At MyArtBroker, we are proud to be championing this ...
Apr 28, 2017 · Things can be no more transparent in art galleries: a plethora of legal cases have shown that buyers often don’t know who is selling and at what price. The billionaire Ronald Perelman attempted ...
Sep 16, 2016 · Online aggregator Barnebys has just published research showing that transparency online at auction, along with ease of bidding and post-sale fulfilment, is the most important factor in building brand trust and improving sell-through rates. ‘The new generation of buyers and sellers expect all information to be easily at their disposal, without any barriers,’ says Barnebys co-founder Pontus ...
- Ivan Macquisten
- “Endemic Price Manipulations”
- A History of Obscurity
- Transparent to Whom?
Technically, galleries—at least in the art market capital of New York—are supposed to post prices just like any other retail store. Since the mid-1960s, New York City’s consumer protection and regulatory agencies have legally required galleries to conspicuously post prices on their exhibition floors. But art dealers ignored the law and, in 1988, th...
For the earliest patrons of the arts, price was no object. You could either afford to participate or you couldn’t, and the marketplace largely retains this Renaissance-era convention. But with the rise of the salon in the late 18th century, patrons began to disguise the financial aspects of the exchange. They saw themselves not merely as shoppers b...
When we claim that the art market lacks transparency, it would be more accurate to say that it lacks transparency for somepeople. “Value in the art market—as in most markets—is more transparent than it might first seem,” says Frieze’s Nathan Clements-Gillespie. “Value is clear to those who have done their homework and have researched the prices ach...
Report on the Art Innovators Alliance – 24 September 2019. Trust and transparency go hand in hand, and it was the most hotly debated topic at London’s Art Innovators Alliance debate, moderated by Bernadine Brocker Wieder, Vastari’s Co-founder. Old school approaches clashed with modern sensibilities – a microcosm of what plays out on a ...
Apr 1, 2016 · In linking to ongoing investor concerns about market transparency, market information providers also positioned themselves as essential for new types of users, highlighting the mediating role of accounting (Miller & Power, 2013) in linking to recognized discourses, in this case, due diligence and transparency; interestingly, the market’s inefficiency and lack of transparency were sometimes ...
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Apr 12, 2023 · Without pricing information, customers may be less likely to make an impulse purchase, as they may not have an immediate sense of the artwork's value. Overall, hiding prices can create a sense of exclusivity and may attract some customers, but it may also deter others who prefer transparency and accessibility in the sales process.
