Advanced

Growth of Indonesian art market - Art for art's sake

Sasaki, Mizuho LU (2012) KOVM12 20121
Division of Art History and Visual Studies
Abstract
Art market is considered as a bench marker of artworks’ value. Value of the works determines not only the importance of the artist whether it is temporal or not, but also the art style, trend of the contemporary art scene. My thesis focuses such issue of Indonesian art scene from its cultural background. Indonesia is now one of the most demanded and growing art market within the contemporary scene. Its rapid growth is accelerated by various factors such as the emergence of auction houses being one. Main focus is to analyze whether such emergence of auction houses with their sales figures actually collate with development of contextual idea of Indonesian art, or is the market is simply growing on its own with its economical aspect as if... (More)
Art market is considered as a bench marker of artworks’ value. Value of the works determines not only the importance of the artist whether it is temporal or not, but also the art style, trend of the contemporary art scene. My thesis focuses such issue of Indonesian art scene from its cultural background. Indonesia is now one of the most demanded and growing art market within the contemporary scene. Its rapid growth is accelerated by various factors such as the emergence of auction houses being one. Main focus is to analyze whether such emergence of auction houses with their sales figures actually collate with development of contextual idea of Indonesian art, or is the market is simply growing on its own with its economical aspect as if they are building castle out of sand? The increase of the artworks' price also gained its importance as financial investment thus it is an important factor to consider that in such manner artist may as well as create work that is intellectually empty but aesthetically appealing to be validated in the market. Growth of the Indonesian art market is observed nationally and internationally, but art scene itself does not seem to be recognized as internationally as the market does. Artist as a career is recognized occupation in Indonesia, but what do they strive for and what are expected from art market as an artist? The empirical material I have chosen for the thesis is interviews conducted with personnel involved with Indonesian art scene from different career background. Interviews allowed me to get insight from different perspectives within the art scene and also to rid the bias I may have for having different cultural background and not directly involved with the art scene. The theory will analyze cultural background of Indonesian art market and thus will adopt to shed a light on the otherwise hollow skeleton of Indonesian art market and its intellectual structure. (Less)
Please use this url to cite or link to this publication:
author
Sasaki, Mizuho LU
supervisor
organization
course
KOVM12 20121
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Indonesian art market, southeast asian art market, contemporary art, identity, new order, new art movement, artjog, IVAA, persagi, mooi indies, indonesia
language
English
id
2542987
date added to LUP
2012-08-20 10:28:19
date last changed
2012-08-20 10:28:19
@misc{2542987,
  abstract     = {Art market is considered as a bench marker of artworks’ value. Value of the works determines not only the importance of the artist whether it is temporal or not, but also the art style, trend of the contemporary art scene. My thesis focuses such issue of Indonesian art scene from its cultural background. Indonesia is now one of the most demanded and growing art market within the contemporary scene. Its rapid growth is accelerated by various factors such as the emergence of auction houses being one. Main focus is to analyze whether such emergence of auction houses with their sales figures actually collate with development of contextual idea of Indonesian art, or is the market is simply growing on its own with its economical aspect as if they are building castle out of sand? The increase of the artworks' price also gained its importance as financial investment thus it is an important factor to consider that in such manner artist may as well as create work that is intellectually empty but aesthetically appealing to be validated in the market. Growth of the Indonesian art market is observed nationally and internationally, but art scene itself does not seem to be recognized as internationally as the market does. Artist as a career is recognized occupation in Indonesia, but what do they strive for and what are expected from art market as an artist? The empirical material I have chosen for the thesis is interviews conducted with personnel involved with Indonesian art scene from different career background. Interviews allowed me to get insight from different perspectives within the art scene and also to rid the bias I may have for having different cultural background and not directly involved with the art scene. The theory will analyze cultural background of Indonesian art market and thus will adopt to shed a light on the otherwise hollow skeleton of Indonesian art market and its intellectual structure.},
  author       = {Sasaki, Mizuho},
  keyword      = {Indonesian art market,southeast asian art market,contemporary art,identity,new order,new art movement,artjog,IVAA,persagi,mooi indies,indonesia},
  language     = {eng},
  note         = {Student Paper},
  title        = {Growth of Indonesian art market - Art for art's sake},
  year         = {2012},
}