The Cyber Turn of the Contemporary Art Market

An article by Elena Sidorova
  • Blockchain technology background. Copyright ShutterstockBlockchain technology background. Copyright Shutterstock

Elena Sidorova, PhD student at CERI Sciences Po, is the author of "The Cyber Turn of the Contemporary Art Market," Arts 2019, 8(3), 84; https://doi.org/10.3390/arts8030084

Abstract: The paper addresses the issue of digitalization of the contemporary art market. It analyzes key features of today’s online art market and discusses three technological innovations—cryptocurrency, blockchain, and artificial intelligence—that have the potential to contribute to the further development and growth of online art trade. The paper demonstrates that whereas cyberspace attracts new talent and great business ideas intended to make global art commerce more versatile and efficient, online art market players alongside with providers of online art market data and analytics offer interesting avenues of future research in this sector.

Keywords: online art market; cryptocurrency; blockchain; artificial intelligence (AI)

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