Date of Award

2022

Document Type

Thesis - Restricted Access (SIA Only)

Degree Name

Master of Arts (MA)

Department

Art Business

First Advisor

Betsy Thomas

Second Advisor

Judith Prowda

Abstract

Germany is home to one of the most diverse and vibrant art scenes in the world. Trailing just behind the United States, Germany boasts the second most art fairs, commercial galleries, and public and private museums worldwide. Despite the country’s cultural potency and its overall high level of wealth, Germany’s contributions to global art market sales have been at a consistently low level of two percent by value for several years. The purpose of this paper is to examine the factors that have stifled growth in the German art market. Specifically, the paper will focus on historical factors that have impacted the size of Germany’s contemporary art market, government regulations that have inhibited art market growth, and collecting cultures that distinguish high net-worth individuals in Germany from their international counterparts, in an attempt to better understand why Germany’s art market share by value has remained disproportionately small in relation to the size of its economy.

Distinction

1

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