Investigating the Role and Impact of Art Management in the Contemporary Art Market

Abstract

The importance of arts administration is growing as the public's emphasis on arts and culture, quality of life and spiritual needs continue to increase. This paper investigates the functioning and structure of the art market, the important missions of art management, the impact of art management on the contemporary art market, and challenges and future trends in art management. This paper utilizes the literature analysis method to study the collected literature on the current art ecology. This research finds that it is in a stage of development, constantly improving the art price and market mechanism, and is affected by the current social and economic influences. Research has shown that arts management needs to be continuously improved to promote the art market's sustainable development. In addition, the current professional training of art finance talents is still insufficient, to the sustainable development of the market, the education of talents needs to be combined with market practice. Finally, the dominance of market-oriented galleries in the art market makes it difficult for non-integrated or marginalized artists to develop, hence the need for comprehensive measures to promote the all-round development of artists. The sustainable development of the art market requires continuous improvement in arts management and measures to promote the formation of a digitized, diversified, and balanced arts ecosystem.