Dynamics of development and structural changes of art-market and its elements

<div>The aim of this work is to analyze the functions of art in addition to its fundamental role as an object of aesthetic satisfaction of human needs. Increasingly considered fine art researchers, analysts and the market in general as a means of preserving the material value, attracting more investors opting for this type of investment because of its special qualities, making portfolios, including art, diversified in styles, eras and authors allowing to protect themselves from market risks and shocks. Artworks often serve as collateral for loans individually or whole collections.</div><div>Today it is possible to say with certainty that the art market is a clearly defined segment of the established global commodity market, wich has its internal infrastructure and integrated into the global economy through numerous relationships with its other sectors - manufacturing, trade, financial, banking, social cultural sphere.&nbsp;</div><div>&nbsp;</div><div>In this regard, the art market has a specific unique structure. In the making of the art market, there are two agents - producer-artist and the buyer. Later in this chain was added mediator, whose role began to grow rapidly in importance, types of intermediaries to expand, its function was to enter more and more responsibilities, variety of services has grown to a modern version of this huge infrastructure of the intermediary - auctions, galleries, dealers, funds, - framed concomitant agents such as banks, expert commissions, museums, media, etc. Speaking of expensive works of art today, we can not speak of it as an ordinary commodity. Significant and expensive work of art - it is a luxury, aesthetic pleasure, the subject of alternative investment, status indicator, &quot;ticket&quot; to high society prestigious collectors &nbsp;etc. Product is a tangible expression of the spiritual culture of the society, the artist&#39;s talent, embodied in the material, aesthetic ideas of society as a whole, separate generations, ethnic communities, social groups, and religious and ideological views. This product is always unique. A unique product - a work of art - could only be established in a single copy by the artist himself, as the result of his personal talent, inspiration and outlook.&nbsp;</div><div>&nbsp;</div><div>It should be mentioned that the present work is addressed to a rather narrow circle of specialists working in the financial market arts&nbsp;services. But the increasing diversification of the forms and functions of this market, and its objects - works of art, and also the development of the old and new subjects described in this paper clearly shows that happens all the deeper organic fusion of art financial market global financial trading market, and the present state of affairs in this area creates the need for specialists special profile with expertise in financial and in art history areas.</div>