The Future of Art Fairs: Digital Innovations and Market Dynamics                                       

Irakoze Kagabo S.

Faculty of Business and Management Kampala International University Uganda

                                    ABSTRACT

Art fairs have emerged as pivotal hubs within the global art market, capturing the essence of the evolving dynamics between galleries, artists, collectors, and institutions. This review examines the significant transformations and enduring debates surrounding art fairs, focusing on their historical evolution, the impact of digital innovations, and their current role in the art world. The study traces the development of art fairs from local exhibitions to international spectacles, highlighting their influence on the art market and their role in shaping contemporary art practices. It explores how digital advancements—such as online platforms, virtual exhibitions, and blockchain technology—are reshaping art fairs’ functions, accessibility, and market dynamics. The review also addresses the tensions and criticisms associated with art fairs, including concerns about commodification, the perceived trivialization of art, and the impact of digital transformations on traditional art fair practices. By analyzing these dimensions, this paper provides a comprehensive understanding of the multifaceted role of art fairs in the modern art landscape and offers insights into their future trajectory.

Keywords: Art Fairs, Global Art Market, Contemporary Art, Digital Transformation, Virtual Exhibitions, Blockchain Technology and Online Platforms

CITATION: Irakoze Kagabo S. The Future of Art Fairs: Digital Innovations and Market Dynamics. Research Output Journal of Arts and Management, 2024 3(2):10-13.