Some of the main entities that are involved in the art business are that of the dealers, the auctioneers of fine art, art museums and more. Where art museums are usually not structured for the profit agenda, dealers and auctioneers are present to increase the profit stream for the art organization (Robertson, & Chong, 2008).
The owner of an art wishing to sell his art will either sell it to a dealer, auction house or will make some kind of private sales transaction with a museum. Art business transactional majority can be attributed to the dealers alone. It is when brining in dealers to buy and sell an art that the industrialization really happens. An auctioneer also is commercially geared as they make commission revenue from the buyer and the seller called the buyer’s premium and the seller’s commission. So it can be said that in the case of the auctioneer also the commercial agenda is seen to take over when it comes to selling art work. The art business framework in this context can therefore be said to have two different structural or circulation patterns. One if that of the primary sales that takes place and the other is the secondary sales. Here authors state primary sales to be the sale of art the very first time. Art that is represented to either art dealers or buyers for the very first time, working with a 50:50 basis is called the primary sales pattern (Robertson, & Chong, 2008).