Art markets refer to the economic systems where artworks are bought and sold. These markets can include galleries, auction houses, and online platforms, where various forms of art, such as paintings, sculptures, and photographs, are traded. Prices can vary widely based on factors like the artist's reputation, the artwork's provenance, and current trends in the art world. In art markets, collectors, investors, and enthusiasts participate in transactions that can influence the value of artworks. Major events, such as Art Basel or Sotheby's auctions, often attract significant attention and can set new price records. The dynamics of supply and demand play a crucial role in determining the market's overall health.