The primary versus the secondary art market

The art market can seem complex and difficult to navigate. Furthermore, it is a quickly evolving market, which does not make it any easier for a newbie who enters this brave new world for the first time. However, there are some facts worth knowing if you are considering buying your first piece of art or are curious to learn more about this mysterious world. Below, we share some insights into the art market which will hopefully make it a little less of a mystery. Well, a tiny bit at least.

Code Art Fair 2017. Photo: I DO ART Agency
Code Art Fair 2017. Photo: I DO ART Agency

Have you ever wondered what the difference is between the primary and the secondary art market? And did you know of this distinction in the first place? The fact is that the art market is roughly divided into two: the primary art market and the secondary art market.

The primary art market
The primary art market refers to the first sale of an artwork, either through a gallery or directly out of the artist’s studio. The primary art market presents works by artists that are still alive and marks the time when the price for an artwork is set for the first time. The price is based…

Read the full article in our FREE app!

Read the full article

Read the full article in our FREE app!Get a download link to your phone.