downloading Compass of Destiny: Istanbul

In return, speculation turns into a convincible narrative, a truth set. A stream of optimistic speculations influences markets.

A salesperson's job involves injecting optimistic excitement into the marketplace, which is where the extravaganza takes place. In order to modify and maintain this demand, a collector's desires need to be manufactured. In fact, there is a cosy relationship between these two industries since they both provide a curiously intermingled backdrop for bourgeois social capital – 'products' sold in both markets are often limited editions or unique as long as the demand is sustained prices are almost guaranteed to increase.

The art market is similar to the real estate market.

The new global art scene gives rise to new contemporary art fairs and some artists, galleries and dealers benefit from this extravaganza. Museums organize trustee trips to visit these cities, and to meet with important representatives of the art community. Regional survey exhibitions in first-world cities sustain narratives about flourishing art production. Art, fashion and real estate news sections highlight cities such as Istanbul, Mumbai, Shanghai, and Beirut, featuring high profile collectors, museum directors and artists in their typical environs, celebrating these new cosmopolitan spaces. There's a great deal of international press coverage about emerging art hubs.

Downloading Compass of Destiny: Istanbul