Art fairs

Thompson, Don

doi:10.1017/cbo9780511790393.003

Cited by 9 publications

(7 citation statements)

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“…Art Basel in Basel, which has approximately 300 galleries and 100,000 visitors, is regarded as a premier international art fair (Thompson, 2011). SCOPE is considered a low-tier fair and LISTE is located between Art Basel and SCOPE.…”

Section: Methodsmentioning

confidence: 99%

“…Çalışkan and Callon (2010: 17) described the functioning of price as a market device as follows: ‘The price of any particular transaction […] is always calculated on the basis of other prices’. For example, during art fairs, prices of sold pieces of art are either announced publicly or visible via ‘sold’ stickers (Thompson, 2011). Thus, fairs provide an environment of prosthetic prices.…”

Section: Market Devices In Temporary Marketsmentioning

confidence: 99%

“…This condition also applies to art fairs. Exhibiting an artwork at a prestigious fair usually increases its price (Thompson, 2011).…”

Section: Art Markets and The Art Fairmentioning

confidence: 99%

“…As part of a status market (Aspers, 2009), fairs are distinguished by their position in a hierarchy. This hierarchy is defined by the number of exhibitors and visitors and the capability of fairs to limit admission by strong selection procedures (Thompson, 2011). Thus, top fairs, such as Art Basel, Art Basel Miami, Frieze or Armory Show, have a large number of visitors and exhibitors and strong selection procedures.…”

Section: Art Markets and The Art Fairmentioning

confidence: 99%

“…We will concentrate on three Basel contemporary art fairs, namely Art Basel, LISTE and SCOPE, which all focus on international exhibitors. Art Basel is one of the top fairs (Thompson, 2011) whilst LISTE and SCOPE represent lower-tier fairs. Additionally, Art Basel and LISTE focus on global buyers whereas SCOPE tends to be local (i.e.…”

Section: Introductionmentioning

confidence: 99%

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Temporary markets: Market devices and processes of valuation at three Basel art fairs

Haisch

Menzel

2022

Environ Plan A

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We investigate trade fairs as markets. We combine literature on temporary clusters and that on the geography of markets and describe how the particular knowledge ecologies at trade fairs are enhanced by market devices. Our framework distinguishes the following three kinds of market devices: physical arrangements, judgement devices and prosthetic prices. Using this framework, we compare market constructions before, during and after three fairs for contemporary art in Basel. Our study presents the following findings. Firstly, the limited time and space at trade fairs lead to a proliferation of market devices. Secondly, different equipment with market devices leads to a hierarchy of fairs. Thirdly, trade fairs at the top of this hierarchy generate market devices for other temporary markets and thus contribute to the development of a uniform global market.

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Section: Methodsmentioning

confidence: 99%

Section: Market Devices In Temporary Marketsmentioning

confidence: 99%

“…This condition also applies to art fairs. Exhibiting an artwork at a prestigious fair usually increases its price (Thompson, 2011).…”

Section: Art Markets and The Art Fairmentioning

confidence: 99%

Section: Art Markets and The Art Fairmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%