The Arts & Economics, Analysis & Cultural Policy is an outstanding work of Bruno S. Frey, a famous Swiss economist and professor who has a long history in the field of political economy, culture and art. Using the economic perspective, this exciting book offers an alternative view to sociological or art historic approaches to art. The issues discussed include: institutions f...

Art can be considered a kind of property and capital due to some capacities. Buying art brings financial returns and, like other traditional assets, increases in value over time. Art can be bought and sold because a separate market has been created for it. In the meantime, buying works from prominent artists has shown a positive return and has attracted investors to create diversity...

The Islamic art market emerged in the early 20th century and expanded through independent dealers in Paris, London, and New York. Many of these dealers, who were also collectors, imported valuable artworks directly from Iran, Egypt, and other regions. The secondary market for Islamic art matured by the 1920s, coinciding with the enforcement of restrictions on the export of historica...