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Abstract(s)
This research proposes a brief historical analysis of the art market following the economic
crisis of 2008, taking into account the socio-cultural context of the post-modern period.
Within the first chapter of this dissertation, a brief introduction will be given regarding the
historical and cultural evolution of the contemporary neo-liberal society, presenting the key
concepts of the contemporary art market in which, with the beginning of the new millennium,
globalization has played a fundamental role.
Following the analysis of the new neo-liberal principles of the market and the art market, the
main factors that led to the recession following the economic crisis of 2008 will be presented.
Through the analysis of the effects of the economic crisis, we will focus on the Portuguese
experiment, which has become a positive example of economic recovery within European
countries.
The last chapter will focus on the situation of the Portuguese art market, highlighting the
main periods of change and international development in Portuguese contemporary art.
A chronological list of new art galleries developed since the 1990s in Lisbon will be
presented, highlighting a greater development since 2016, thanks to the participation of
important art fairs such as Art Basel1.
The internationalization of the city of Lisbon, which also includes the art market, becomes
a fundamental element in terms of development and economic recovery.
As will be highlighted in the third chapter of this dissertation, the Portuguese art market, as
well as the international one, has undergone continuous changes since the 1990s, leading
Lisbon's art galleries to invest more and more in international art fairs, thus helping national
and international artists. The investments made by the Portuguese government in the tourism
sector have led to an increase in capital and a consequent growth in purchasing power,
influencing the field of culture, including works of art.
Description
Keywords
Art market Economic crisis of 2008 Art galleries in Portugal Internationalization