The increasing
potential for repatriation of cultural patrimony and the influence of celebrity
provenance on the market value of artworks illustrate the political economy of
art and culture. Turkey made headlines, once again, on assertive repatriation,
which reflects a growing international sentiment for the return of cultural
patrimony independent of the circumstances under which objects left a nation.
On market value, an
Australian blog suggested a trend in the relation between celebrity ownership
and dramatic increases in the market value of artworks. In economics, as the
domestic art market of China continues to spur production, Chinese auction
houses, such as Guardian, begin an expansion with sales in Hong Kong to compete
with major international auction houses such as Sotheby's and Christie's. At
the same time, art dealers from United States made news with a presence in
London ahead of the Frieze Art Fair, which boasts an offering of $1.5 billion
in artworks.
An insightful
editorial in Pakistan keenly tied the politics and economics of cultural
property together by reviewing looting and destruction of Buddhist relics and
inferring the ramifications for cultural security of the region. In a nuance of
cultural security, an article on the seizure of smuggled Islamic artifacts in
Egypt indicated demand from Gulf states and other Muslim nations for such
cultural artifacts.
For similar news, visit Cultural Security News.
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