The Rise of Chinese Contemporary Art: Deciphering the Connection between Art, Value and the Market

By Jasmin Tanja Carolin Kossenjans.

Published by The Arts Collection

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

How is the value of art generated in today’s versatile, contemporary art market? Exploring the connection between art and value is a topic which has been discussed by various schools of thought; from economics, aesthetics as well as philosophy. By taking a multi-disciplinary approach, this essay looks at how the current art market operates with key players consisting of artists, collectors and art gallerists; individuals who determine the value and ultimately the price of art.
Using data collected from in-depth interviews, the aim of this essay is to gain a closer understanding as to how we value art, and how this translates onto the international contemporary art market. The phenomenal popularity of Chinese Contemporary Art serves as a case study, where I compare the typical career path of artists from the West with artists from China. Using this as an example, this paper offers new insights as to how artists and collectors are in the position to manipulate the value of art in today’s market.

Keywords: Culture, Chinese Contemporary Art, aesthetics, Art Market, Art Value, Yue Minjun

International Journal of the Arts in Society, Volume 4, Issue 4, pp.307-316. Article: Print (Spiral Bound). Article: Electronic (PDF File; 1.323MB).

Jasmin Tanja Carolin Kossenjans

PhD Student, Department of Research, Macquarie Graduate School of Management, Sydney, NSW, Australia

Born and grew up in Hong Kong with German and Persian parents, Jasmin has over eight years experience in meida and advertising, specialising in medical education and direct global social marketing. She ran her own consultancy based in Switzerland and Singapore, with a personal interest in cross-cultural international marketing. Jasmin completed her MBA in Edinburgh in 2004 and a BA in economics in Germany in 2000. She is currently pursuing a research PhD with Macquarie University in Sydney, focusing on the international art market. She is interested in various disciplines, from philosophy of art, cultural economics to international marketing, and uses these various schools of thought in her current research, which focuses on the Chinese contemporary art market.

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