What Velthuis calls "primary market operations" are: Select one: a. the sale of new works by living artists b. the secretive sale of high-priced works by artists who are mostly deceased C. the transfer of artworks to auction houses for illegal sales
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Answered on
a. the sale of new works by living artists
Velthuis, in the context of the art market, refers to "primary market operations" as the initial sale of new works directly from the artists or through their representing galleries. In the primary art market, artworks are being sold for the first time, and this is typically where living artists introduce their new work to the public, collectors, and institutions. The price is usually set by the artist or gallery based on the artist's history, reputation, and other market factors.