Isabelle Graw, Art Critic, Professor of Art Theory and Art History, Staatliche Schule für bildende Künste (Städelschule) Frankfurt am Main; Co-Founder of Texte zur Kunst; Author of High Price: Art Between the Market and Celebrity Culture (2010), Berlin/Frankfurt
The art world is no longer dominated by a small group of insiders, in part due to the art economy's transformation from a retail business into a global industry that produces visuality and meaning. This talk questions the assumption of a dichotomy between art and the market. But it also raises objections against the wrong equation between market value and artistic value that tends to occur during so called art booms. While examining the intrinsic connection between artistic production and its market conditions, Graw insists upon art being a commodity not like any other.