There is no Bubble like an Art Bubble

摘要: Stating that the market for art is not just any like forcing an open door. Features such as pricing mechanisms and relation between supply demand differ substantially from other markets, including financial markets. Nevertheless, emergence of „bubbles‟ which a reoccurring phenomenon in markets – think example about 1980s Nikkei bubble also happens art, although features do differ. In this master thesis, research has been conducted on concept bubbles several have impact its development. Based marketspecific characteristics, to economy general, chronological overview socio-economic developments, we sketched picture flux over period 1910-2010.