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Art Competitions and the Art Market

Description: This quiz will test your knowledge about art competitions and the art market.
Number of Questions: 15
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Tags: art competitions art market
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Which of the following is not a major international art competition?

  1. Venice Biennale

  2. Documenta

  3. Whitney Biennial

  4. Turner Prize


Correct Option: D
Explanation:

The Turner Prize is a British art award, while the Venice Biennale, Documenta, and Whitney Biennial are all international art exhibitions.

What is the name of the most prestigious art prize in the world?

  1. Nobel Prize in Literature

  2. Pritzker Architecture Prize

  3. Golden Lion at the Venice Biennale

  4. Turner Prize


Correct Option: C
Explanation:

The Golden Lion is awarded to the best artwork at the Venice Biennale, which is considered to be the most prestigious art exhibition in the world.

Which of the following is not a type of art market?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. Quaternary market


Correct Option: D
Explanation:

There is no such thing as a quaternary market in the art market.

What is the name of the art market where new artworks are sold for the first time?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. Quaternary market


Correct Option: A
Explanation:

The primary market is where new artworks are sold for the first time.

What is the name of the art market where artworks are sold by collectors and dealers?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. Quaternary market


Correct Option: B
Explanation:

The secondary market is where artworks are sold by collectors and dealers.

What is the name of the art market where artworks are sold by museums and other institutions?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. Quaternary market


Correct Option: C
Explanation:

The tertiary market is where artworks are sold by museums and other institutions.

Which of the following is not a factor that affects the price of an artwork?

  1. The artist's reputation

  2. The medium of the artwork

  3. The size of the artwork

  4. The age of the artwork


Correct Option: D
Explanation:

The age of an artwork does not necessarily affect its price.

Which of the following is not a type of art collector?

  1. Individual collector

  2. Institutional collector

  3. Corporate collector

  4. Museum collector


Correct Option: D
Explanation:

Museums are not collectors in the same way that individuals, institutions, and corporations are.

What is the name of the art market where artworks are sold at auction?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. Auction market


Correct Option: D
Explanation:

The auction market is where artworks are sold at auction.

Which of the following is not a major art auction house?

  1. Christie's

  2. Sotheby's

  3. Phillips

  4. Bonhams


Correct Option: D
Explanation:

Bonhams is not a major art auction house.

What is the name of the art market where artworks are sold online?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. Online art market


Correct Option: D
Explanation:

The online art market is where artworks are sold online.

Which of the following is not a major online art marketplace?

  1. Artspace

  2. Saatchi Art

  3. Paddle8

  4. eBay


Correct Option: D
Explanation:

eBay is not a major online art marketplace.

What is the name of the art market where artworks are sold through social media?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. Social media art market


Correct Option: D
Explanation:

The social media art market is where artworks are sold through social media.

Which of the following is not a major social media platform for selling art?

  1. Instagram

  2. Facebook

  3. Twitter

  4. Pinterest


Correct Option: C
Explanation:

Twitter is not a major social media platform for selling art.

What is the name of the art market where artworks are sold through non-fungible tokens (NFTs)?

  1. Primary market

  2. Secondary market

  3. Tertiary market

  4. NFT art market


Correct Option: D
Explanation:

The NFT art market is where artworks are sold through non-fungible tokens (NFTs).

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