In this article, Somayeh Ramezana Mahi, by genealogy of the relationship between art and its supporting institutions in different historical periods, deals with the role of the institution of economics in redefining the concept of contemporary art and how this relationship is explored in contemporary art auctions. This article was published in the special issue of the 15th Tehran Ar...

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...

This article initiates a discourse on the preliminary considerations regarding the capabilities and hazards associated with art investment. Prior to delving into the merits and drawbacks of art investment, it is imperative to underscore the conceptualization of art as an asset. Within this framework, art is construed as a financially lucrative entity. Nevertheless, it is imperative...