The art market is one of those areas of artistic life that causes the most controversy, both among people directly involved in it and among those who observe what is happening from the outside. This book talks about the changes that have occurred in the Western art market since the beginning of the 2000s, about its structure and contradictions, and the main theoretical approaches to its analysis. The art market here is understood not only as a mechanism for buying and selling works of art, but as a space where economics, philosophy, art, and sociology collide. This is a phenomenon that gives reasons for thinking about the value of art, allowing you to look at the history of the relationship between the art world and the world of money, to understand the reasons why collectors feel the need to buy works of artists, and artists to invent alternative ways of interacting with the market. The book is addressed to a wide range of readers , interested in the history of art and the art market of the XX-XXI centuries, as well as specialists in cultural studies and economics of art.