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I think there are parallels between the art markets and the emerging start-up markets. In both of these fields, the actual products created support financial m
by lwhi 16y ago
I think there are parallels between the art markets and the emerging start-up markets.
In both of these fields, the actual products created support financial markets largely supported by opinion.
Both involve gatekeepers who select artists (or start-up companies) as important. The decisions made by these gatekeepers help to influence each relevant market.
Both involve attaching value to an artist (or company).
I think the difference is, in the art world - the curation (or moderation) process has been developed over time to ensure that there aren't too many new (highly hyped) entrants to the art market at any one time.
Surely, without this kind of restraint, bubbles are likely to develop?