Even though contemporary and fine arts industries are moving so fast, we will still be able to see how sine challenges are holding them back. As a person who loves fine arts, you will come across the need to learn more about those challenges. Then you will be able to work accordingly and try to address those challenges that the industry is facing.
Conflicts of interest in between people
One of the biggest challenges that the contemporary and fine arts industries face as of now is the conflicts of interest that exist in between people. In fact, the viewpoint of people who are visually fluent is different from the viewpoint of other people. In the meantime, we can still see how a small group of people who are having influential traits are leading the world in the form of art elites. They don’t seem to adhere along with the viewpoints of other people.
The influential people who are leading fine arts and contemporary arts play a major role from the auction houses, galleries, museums, art publications, and similar other places. They will eventually be able to avoid the conflicts that exist out there. However, it is still important for the people to understand that art is designed not to collude towards it, instead of dismantling consensus. This is quite different from the way how most people in today’s world assume. Due to the same reason, we can see how the contemporary and fine arts industries are being held back.
Power of money
Power of money is playing a major role within the art world as well. We can see how the international art world is facing numerous challenges with it. The different ecosystems and the way how they dominate has contributed a lot towards this fact.
The biggest problem that we can see in here is that wealth is concentrated only at the top. On the other hand, wealth is traded only by a limited number of people. Hence, money is not flowing directly into the artists and other people who are engaged with artwork. This is the main reason on why many other entities, such as non-profit organizations and curators face challenges. If we want to support the progression of the industry, we will have to pay attention to this factor as well. Then we can ensure that the world of arts is contributing a heavily towards the betterment of all the people who are involved in it.
Disappearance of critical apparatus
Another major problem that the world of arts is facing as of now is the disappearance of critical apparatus. There are some notable exceptions to this, but the overall condition is a negative one, which we will need to keep in mind. Criticism with related to art is extremely critical. Unfortunately, this has been there for quite some time. Artists who pop up from different backgrounds are not in a position to blend perfectly well with the existing ecosystem. They are instead focus on attracting more followers to them under social media. This is leading the overall industry into challenging situations.
Increasing level of personalization
Increasing level of personalization might look like something good. However, it is among the main reasons that are holding back the progression of the overall industry. Hence, we will need to pay our attention to this fact as well. That’s because it has the ability to cause a disturbing effect on the arts.
To get a better understanding on this, let’s focus on the art world. We will be able to see how the artists tend to focus more on sharing their personal emotions through art. This is not something bad at all, but it seems like they are taking the level of personality way too serious. This can be challenging, and it would lead people into numerous frustrating situations in the long run. Hence, it is important to understand how to diversify the arts that they are working on, and eventually contribute towards the overall progression of the industry.
The structure of art market
Due to the way how the structure of the art market is formulated, we can see how it is holding back as well. For example, we are not in a position to see a proper balance in between the auction houses and dealers. We could see such a balance in the past, but things have changed significantly within the last 25 years. We can see a highly dynamic market existing out there as of now. It is changing every season. Along with that, we will also be able to see how a stiff competition is arising in between the different auction houses that exist out there as well.
The main reason behind this issue is the commodification of fine art and contemporary art. It is supported through the auction houses. Up until the year 1985, both contemporary art and fine art was associated with a relatively low resale value. Hence, the artists as well as the art collectors had to go through challenges when they are offering their work to the market. They could not make any money at all from the resales. This was pretty much similar to the way how the market of new cars behaves. However, things have changed as of now. It is now possible for the people to make some money with arts within a short period of time. They just need to focus on flipping of art. This is not good at all for the overall progression of the industry.
The main problem caused by quick flipping of art is the constant negative pieces of art that are being released into the market. Audiences are facing numerous challenges when they are trying to address the insatiable appetite as well.
Final words
If you are an artist, you should be aware of what’s holding back the contemporary and fine arts industries. Then you should work accordingly to ensure progression of the industry.