The Art Market Regulation Commision (AMARC) is a coalition of three groups which make decisions in the contemporary art market / world based on a democratic process. These three groups are: the institution, the artists and the art lovers.
In ODBK we point out that there are two crucial factors that directly affect the behavior of the current art market and also that these factors should be regulated. First is the importance of the artists, which is largely affected by the reputation of the spaces. And second are the prices of the artwork.
ODBK proposes that these important decisions in the art market / art world should be made based on the principles of the „Participatory Economics“ (created by Michael Alberts) that reads „the decision making is in proportion to the degree one is affected by the outcome of a decision“. In the case of the art market / art world we consider that the parts are equally affected by the decisions made by the previously mentioned groups: the institution, the artists and the art lovers. These three groups should conform to the Art Market Regulation Commission.(AMARC)
The decisions made by the AMARC are:
- Which artists should participate in the spaces: public museums, public art spaces, non-profit organizations spaces, AMARC certified private spaces.
- Cap-prices of artworks in primary and secondary market
- Distribution of public funds for visual arts
The decision process of the AMARC is carried out by a minimum of 10 members of each group: institution, artists and art lovers. The decision group is selected randomly by a software system. A characteristic of the decision group is that should be international, a minimum of five countries should have representation in the decision. There are two kinds of votes: the boolean vote (yes or no) and the quantification vote (a number between 1 and 100). In the boolean system the votes are counted and the side with the majority decides. And in the quantification system every voter should select a number of between 1 and 100 then the result number is used to calculate the decision from a multiple options selection.
To become member of AMARC the applicant should fill out the application form. All applications are approved, without conditions. The only thing we ask from the AMARC members is responsibility and commitment to the decision process. The purpose of AMARC is to make decisions which are carried out by the active participation of the members. That’s why if a member is called to vote and it doesn’t respond three times, he/she is removed automatically from the AMARC member database. All final decisions will be published online in a transparent manner and the name of the voters will be published or remain in secret based on the decision of the voter.