The Role of Intermediaries in the Art World and their Impact on the Value of Artworks

The purpose of this study is to analyze the impact of the role and function of intermediaries on the value of artworks. It describes and elaborates on the role of art intermediaries in the art world and how this value is interpreted by various stakeholders in the art community. This research employs a qualitative approach using a systematic literature review design, encompassing data collection, data analysis, coding, synthesis, and validity testing. The findings indicate that the role of intermediaries in the art ecosystem is crucial in dynamizing the social field of art. They serve as connectors between artists, artworks, and the public. Galleries, museums, curators, art critics, collectors, and art agents play diverse roles in shaping, promoting, and distributing artworks. Art intermediaries not only facilitate transactions but also help establish the reputations of artists and the credibility of their works. Their influence extends to shaping perceptions of the aesthetic, historical, and cultural value of artworks through organizing exhibitions, writing art criticism, and documenting art history. Additionally, intermediaries mediate dialogues between traditional and contemporary art practices, bridging gaps between creators and audiences. This dynamic role contributes significantly to the valuation process, which impacts not only economic aspects but also societal appreciation of art. By understanding these roles, stakeholders can better navigate the complexities of the art market and contribute to a more inclusive and vibrant art ecosystem.