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Aug 30, 2024 · To foster the growth and stability of the art market, transparency is essential. It serves to promote ethical and fair transactions, build trust and confidence, and combat issues such as fraud and money laundering. Advancements in technology and regulations are driving a shift towards greater transparency and accountability in the art market.
Transparency is a fundamental aspect of a thriving art market. It plays a crucial role in building trust, maintaining integrity, and creating a level playing field for all participants. Unfortunately, the art world has a notorious reputation for being opaque and difficult to navigate, with rampant cases of fraud, money laundering, and illicit dealings. This…
“And the most important thing we always say, please don’t take our word for it, please check it.” -Ivan Macquisten 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 […]
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 ...
Apr 10, 2024 · This increased transparency can result in a more ethical and sustainable art market, where artists receive fair compensation for their work, and collectors can purchase art with confidence. Overall, transparency is a crucial factor in the art world. It helps to build trust, promote accountability, and create a more ethical and sustainable art ...
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.
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Nov 30, 2023 · Over the last decade, the size of the art market has maintained a relatively constant level, remaining close to the $60 billion mark. Although this seems like a large number, it significantly falls short when compared to FedEx’s revenue, which exceeded $90 billion last year. So all participants in the art world, including auction houses ...
