Many factors are involved in holding an auction, which most are hidden from the eyes of an observer. When a work of art is presented in a prominent auction, the arrangement of the work in the pre-auction show and catalog, the auctioneer, and even the emotions that are aroused during the process, all become very important. In the following, we will discuss some of these factors that...

The rise of artwork as a tradable commodity in the modern era has fueled the expansion of the art economy, leading to a proliferation of auctions. However, what impacts has this growth brought to the art world? Somayeh Ramezanmahi addresses this inquiry by elucidating the notion of 'artwork value'.

The global art market is undergoing changes, and cities like New York, London, Paris, and Hong Kong have evolved as as major hubs for high-profile auctions over the past decade. These transformations are driven by economic, political, technological, and cultural factors, leading to the development of new approaches in art sales. Considering the impact of the COVID-19 pandemic and th...