This paper presents a clear view on how value is assigned to art at the macro and the micro level as well as looking at the differences between the two art markets in respect to the way that value is, and is assigned. Using this as a basis, a research methodology will be proposed…
In contrast, Western art generally refers to the European style of artwork, and is less culturally diverse than Eastern artwork and draws less on myth. A significant portion of European art, particularly older art, is connected to the Christian religion, with depictions of Jesus, Mary and of angels. Modern Western artwork is often more abstract. The development of prices for artworks by artists in China can be tracked effectively and accurately using the research methodology proposed for both indigenous Chinese artists represented in local markets and also for global or Western artists imported to collections. This allows the determination of how traditional Eastern artwork fares in the Eastern art market compared to how Western artwork performs in the same market. The economical and sociological systems which drive the operation of the contemporary art market in China can be reviewed on a percentage of GDP or on a per capita basis in respect to the Western markets, allowing direct comparison between the two. This allows it to be determined whether one form of art is traded more frequently or valued more highly in the Eastern market compared to the Western, indicating differences between the markets. 9 The Assignment of Value 13 For any commodity or service, value must be assigned to it in order for it to be bought and sold in the general market. It is not simple to assign value to art, as its worth comes from a wide variety of sources, and is not always predictable. The question of value is fundamental for art as a discipline and as an object. Art is created not simply because of the desire of the artist to create, but also as a method of communication, or through a desire to earn an income. As a consequence, the meaning of the work is important and...
This dissertation outlines art as a large part of culture and tradition worldwide, but the definitions and approaches to art can vary significantly depending on the artist as well as the culture that they derive their inspiration from. In particular, artistic inspiration and art form can be divided into two broad categories, Eastern and Western art. These definitions are based on global location of the style and inspiration for the artist, although the artist themselves may not be from this global area. Western art can be defined as art that is created in the styles that are generally accepted in European countries, although it may be created anywhere in the world. Traditionally, Western art consisted primarily of paintings and sculptures, often of religious icons, although there was the development of other artistic styles such as impressionist and abstract art during the history of Western art. Current Western art also includes styles such as modern art, which is often very abstract, and performance art. In contrast, Eastern art is often more traditional and takes greater inspiration from local religion, practices, history, myth and legend. When interpreting art from Eastern cultures, it is important not to do so through the lens of Western art history and values, as this presents a risk of cultural imperialism or bias. The consequence of this may be the marginalization of traditional artistic expression, such as art through handicrafts, folk art, or kitsch, which are often not regarded as art from the traditional Western viewpoint. ...
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Last May 2004, the European Commission revealed that Poland, the Slovak Republic, the Czech Republic, Latvia, Slovenia, Lithuania, Hungary and Estonia decided to join the European Union (European Commission 2011; Clark and Drinkwater 2008). Among the members of the European Union, the United Kingdom was only one of three European countries that allow free migration of workers.
The research aims at understanding and analysing the allocation issues in health care in the context of the United Kingdom health care industry and environment. For decades, problem pertaining to the equal distribution of health care resources have been the source of discussion in various health care industries.
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However, the government spending in this country is in the lead of the small nations with a debt to Gross Domestic Product standing at 160 per cent. This is extremely high since the government heavily relies on external funding from other nations. The government spending in Seychelles is at 19.4 of the GDP in the public sector for the sole purpose of producing public goods compared to only 15.7 of GDP in producing public goods for a large nation.
According to the research findings it can therefore be said that though UAE faced a lot of constraints in its construction industry, still it managed to deliver a progressive path to its construction market with the help of the rising project management technology. This will lead the country towards a better future and a nation with full of growth and development potential.
DECLARATION I, Leonard Mwango Chungulo, do declare that this work is my own and that the work of other persons utilized in this dissertation has been duly acknowledged. This work presented here has not been previously presented at this or any other university for similar purposes.
The research study is described as a process rather than an event to mean that in order for the researcher to successfully achieve the research aim that is set for the study, there are series of tasks that must be performed. There could not be a singular activity that could make the researcher achieve the research aim (Adams and Lamptey, 2009).
This study discovers the market of contemporary art and the method of investment in the art market. Art is considered as a desired commodity particularly for individuals who are interested in the subject and understand art from a different perspective of their own. When the creation of such a commodity happens, there is a system that is formed.
In order to explore the regional diversity among Chinese managers, this chapter reviews several theoretical and research literatures. A critical evaluation is undertaken in order to inform and reflect on the arguments of the research. The chapter identifies appropriate theories and conceptual ideas to create a logical path on the themes of the research.
According to a neoclassical microeconomic perspective, there should be a solution to this dilemma as the Adam Smith’s invisible hand in the market would level things up. According to evolutionary one, the market agents are not so rational as we would expect. Bounded rationality plays a strong influence in the interacting game of all of the market’s agents.
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