Seyed Mohammad Omrany : When an Artwork Is Sold for the Second Time; How Do the Primary and Secondary Markets Create Value for an Artwork?
At a time when the world’s major economies are seeking new sources of wealth creation, art is no longer regarded merely as a decorative or cultural activity. It has become one of the most significant pillars of the creative economy.
Over the past decade, the economy of visual arts in the Middle East has shifted from a marginal and largely symbolic sphere to a significant component of the region’s cultural equations, investment strategies, and even soft-power diplomacy.
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