Whois & Analysis for artnet.com

Artnet.com is an art market website.

It is operated by Artnet Worldwide Corporation, which has headquarters in New York City, in the United States, and is owned by Artnet AG, a German publicly traded company based in Berlin that is listed on the Frankfurt Stock Exchange.

The company increased revenues by 24.3% to 17.3 million EUR in 2015 compared to a year before.

Contemporary art is the art of today, produced by artists who are living in the twenty-first century.

Contemporary art provides an opportunity to reflect on contemporary society and the issues relevant to ourselves, and the world around us.

Contemporary artists work in a globally influenced, culturally diverse, and technologically advancing world.

Their art is a dynamic combination of materials, methods, concepts, and subjects that challenge traditional boundaries and defy easy definition.

Diverse and eclectic, contemporary art as a whole is distinguished by the very lack of a uniform, organizing principle, ideology, or ‘ism.’ Contemporary art is part of a cultural dialogue that concerns larger contextual frameworks such as personal and cultural identity, family, community, and nationality.

Art valuation, an art-specific subset of financial valuation, is the process of estimating the potential market value of works of art and as such is more of a financial rather than an aesthetic concern, however, subjective views of cultural value play a part as well.

Art valuation involves comparing data from multiple sources such as art auction houses, private and corporate collectors, curators, art dealer activities, gallerists (gallery owners), experienced consultants, and specialized market analysts to arrive at a value.

Art valuation is accomplished not only for collection, investment, divestment, and financing purposes, but as part of estate valuations, for charitable contributions, for tax planning, insurance, and loan collateral purposes.

This article deals with the valuation of works of fine art, especially contemporary art, at the top end of the international market, but similar principles apply to the valuation of less expensive art and antiques.

A work of art, artwork, art piece, piece of art or art object is an aesthetic physical item or artistic creation.

Apart from "work of art", which may be used of any work regarded as art in its widest sense, including works from literature and music, these terms apply principally to tangible, portable forms of visual art:

The art world comprises everyone involved in producing, commissioning, presenting, preserving, promoting, chronicling, criticizing, and selling fine art.

It is a wider term than art market, though that is a large part of it.

Howard S.

Becker describes it as "the network of people whose cooperative activity, organized via their joint knowledge of conventional means of doing things, produce(s) the kind of art works that art world is noted for" (Becker, 1982).

In her book, Seven Days in the Art World, Sarah Thornton describes it as "a loose network of overlapping subcultures held together by a belief in art.

They span the globe but cluster in art capitals like New York, London, Los Angeles, and Berlin." Other cities sometimes called "art capitals" include Beijing, Brussels, Hong Kong, Miami, Paris, Rome and Tokyo; due to their large art festivals, followings, and being the centers of art production.