financialization of art

Financialization of art refers to the process where artworks are increasingly treated as financial assets or investments, rather than solely as cultural or aesthetic objects. This means that art is bought, sold, and traded with the primary goal of generating profit, often through speculative trading or leveraging its value for financial gains. It involves applying financial practices like securitization and portfolio diversification to the art market, which can impact prices, availability, and the way art is valued—viewing it more as an investment vehicle than purely for cultural or personal enjoyment.