UK Art Market and the Economic Crisis

From 2006 to 2011, how the economic crisis affected British art market. Whether the art market is different from the economic crisis. My research is aimed at gathering and analyzing data from two major U.S. auction companies and introducing the trends of the art market in the changing UK economic environment. Furthermore, in this article, the art market is still unrelated to other economic factors, and we try to prove that consumption of art works and antiques is a stable investment. By collecting used data from Christie's UK auction record in Scotland, you can further get information directly and pre-owned by interviewing things of auction company.

After the financial crisis, large-scale art transactions almost disappeared, the art market is an art collection, even the general public, and even they work very hard. There is no doubt that this is not due to galleries or auction houses. Because, even if you have a work of art, you must strive hard, especially in transactions. Logistics is an important issue that hinders people's entry. For example, if you look at this $ 2,000 Picasso print on an online auction, the artwork itself is in New York, but if you are in London, even if you offer a bid, the shipping costs may be large. Half of the price of goods. Most artworks are carefully transported and placed in small or large boxes.

In the UK, we are facing a crisis of art and culture. The creative industry is valued more than £ 84 billion a year in the UK economy, but the government does not regard art and culture as an industry with investment value. Art funding is facing a continuous reduction, the school has shortened the time allocated to art, and Brexit is a serious obstacle to the development of the British film industry. There is no art without investment. Without the artistic boundaries to promote norms, there is no social change. There is no economic innovation. Please think about that. How many times have you listened to an album that left a movie or gained authority? Have you promised to pick up a guitar and collect dust, or to start painting again? How many times did this release transcend your everyday life and made it possible for you to get the moment of Eureka at work? Many historically important events are created by the art movement.

The basic reform of the British economy - and the subsequent economic analysis - happened. In the 1930s and 1940s, due to the collapse of Wall Street and the crisis of the Great Depression, the legitimacy of the laissez - faireicism which was previously dominant was replaced. Keynesianism provides a new foundation for economic policy and welfare state shifts it to practice. The postwar agreement lasted for 30 years until it crisis. After the oil shock and "stagnation" of the 1970s, the new orthodox was rooted in the menu of free market or neoliberal economics and related deregulation, privatization and labor market flexibility.