... borders, nor evaluated according to globally identical standards. This chapter examines geographical segmentation and its effects on price formation and returns in the international art auction market. The chapter finds (1) a close connection between the country of sale and the type (e.g. nationality...

... the ability of a principal to consent to agent conduct that would otherwise be considered as a breach of the agent’s fiduciary duties. In examining issues of conflict of interests, contractual obligation, and the scope of fiduciary duties, the chapter uses the case of art auctions as an illuminating example...

... markets art market contemporary art modernization art auctions art collectors art fairs art investment contemporary art market corporate art collecting C4.P1 As long ago as 1968, in a lecture given at the Museum of Modern Art in New York, the critic Leo Steinberg argued that avant-garde art...

... and Pace Gallery, or the London-based White Cube, have in recent years opened offices in cities such as Hong Kong, Beijing, and in São Paulo among others (Chong 2011 ). Art auction data vendor Artprice.com reports moreover that in the auction season 2012–13, the top twenty-five bestselling contemporary...