Analysis of Art Incubation and Related benefit Mechanism: Ex-ploration of Transformation from Traditional Market to Digital Collection

This paper deeply analyzes the incubation and related interest mechanism of the transformation of the art market from the traditional model to the digital one. Firstly, the article summarizes the gradual attention paid by the state to the management of art market, including policy support and legislative guarantee, and points out that the value of art is multidimensional, involving aesthetics, philosophy, politics and finance. The article further discusses the stakeholders in the art market, including artists, middlemen and consumers, as well as their interaction and market operation logic. This paper discusses in detail the transformation of artworks from marketization to financialization, including different operation modes of art investment funds, such as portfolio investment, artist trust investment and art hedge investment. The article also emphasizes the rise of the digital collection market and how it can innovate the incu-bation and trading methods of works of art with the help of blockchain technology and NFT. Finally, the article puts forward some suggestions such as strengthening market supervision, perfecting laws and regulations, promoting the integration of market and finance, and supporting the development of digital collection market, to promote the healthy and sustainable development of the art market.

Authors

Publication Details

Journal
Frontiers in Humanities and Social Sciences
Published
2024-09-20
DOI
https://doi.org/10.54691/r0je3p47
Primary Topic
Cultural Industries and Urban Development
Type
article
Field-Weighted Citation Impact
0.00
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article

Analysis of Art Incubation and Related benefit Mechanism: Ex-ploration of Transformation from Traditional Market to Digital Collection

Kaiyuan Li
Frontiers in Humanities and Social Sciences
Cultural Industries and Urban Development
article

Analysis of Art Incubation and Related benefit Mechanism: Ex-ploration of Transformation from Traditional Market to Digital Collection

Kaiyuan Li
article en

Abstract

This paper deeply analyzes the incubation and related interest mechanism of the transformation of the art market from the traditional model to the digital one. Firstly, the article summarizes the gradual attention paid by the state to the management of art market, including policy support and legislative guarantee, and points out that the value of art is multidimensional, involving aesthetics, philosophy, politics and finance. The article further discusses the stakeholders in the art market, including artists, middlemen and consumers, as well as their interaction and market operation logic. This paper discusses in detail the transformation of artworks from marketization to financialization, including different operation modes of art investment funds, such as portfolio investment, artist trust investment and art hedge investment. The article also emphasizes the rise of the digital collection market and how it can innovate the incu-bation and trading methods of works of art with the help of blockchain technology and NFT. Finally, the article puts forward some suggestions such as strengthening market supervision, perfecting laws and regulations, promoting the integration of market and finance, and supporting the development of digital collection market, to promote the healthy and sustainable development of the art market.

Frontiers in Humanities and Social SciencesVol. 4(9)
Openalex Percentile: Top 70%
Cultural Industries and Urban Development
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