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What impact do biennials and art fairs have on the global art market?

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Biennials and art fairs play a significant role in shaping the global art market by providing platforms for artists to exhibit their work to a wide audience, attracting collectors, curators, and art enthusiasts from around the world. These events often lead to increased sales, networking opportunities, and collaborations within the art industry. Additionally, they contribute to the visibility and recognition of artists, fostering cultural exchange and innovation within the art world. Overall, biennials and art fairs help to stimulate the market, drive trends, and promote the appreciation of art on a global scale.
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