Date of Award


Document Type

Thesis - Restricted Access (SIA Only)

Degree Name

Master of Arts (MA)


Art Business

First Advisor

Brendan Burns

Second Advisor

Lawrence Motz


The relationship between art and finance derives from the socioeconomic realization that art has high-value potential and diversification benefits within the investment sphere. This paper interprets the evolution of art's financialization in three different market contexts as the cause of an inflection point in the art market. Through research in press articles, interviews, published white papers, and journals on statistical art data analysis results, this thesis demonstrates the link between cultural capital and financial investment, which gave rise to initiatives today that bridge the gap between wealth and the accessibility to the art market. A technological or specialized element across art funds, non-fungible tokens (NFTs), and fractional ownership contributed to their development and success as pioneers of democratization in the art market. This paper draws on the ability of each of them as a new possibility to enter the market for different types of collectors across contrasting levels of wealth.