The Development of the Art Market in England:
Money as Muse, 1730–1900
Thomas M Bayer  and John R Page
Website Designer: Jessie Lingenfelter

Chapter 1.

Chapter 2.

Chapter 3.

Chapter 4.

Chapter 5.

Chapter 6.

Chapter 7.

Chapter 8.

Chapter 9.

Chapter 10.

Chapter 11.


Chapter Eleven

Chapter eleven presents a brief summary and relates our research findings to the present art market. The process of commoditization we traced throughout the preceding chapters continues to shape the arts environment. Aesthetic theories and their associated art products have multiplied corresponding to the market’s expansion; exhibitions have become enormous in scope; dealers have become even more crucial to the arts environment; critics further entrenched themselves; a duopoly emerged in the international auction market; and numerous investment art funds, employing varying business models have become major players. Art market historians offer their services to art investors, and even academic art history, studio art and the international museum community have become an integral part of this multi-billion pound international market for cultural goods. A comprehensive understanding of our visual culture, both past and present, requires, therefore, that we take the formative effects of the market fully into account.