Highlights
Topic: The Economics of Indigenous Arts in Australia and its contributions to the Australia’s Indigenous communities and the economy.
In the past decades, Australian Indigenous art attracts a growing demand for Indigenous art due to its uniqueness. Coate (n.d.) discovered that the number of Australian Indigenous artists were approximately one-third of all artists in Australia between1995 and 2003 and 12.8% of their works were traded at auctions during the period. This could indicate that Australian Indigenous art is becoming increasingly valuable in art industry and this may encourage the growth of Indigenous
tourism in Australia.
In this assignment topic, you are required to examine the economics implications of Australian Indigenous Arts on Australia’s Indigenous communities as well as the economy. The following instructions can be used to develop the body text of your essay.
Introduction: In this section, it is important that you provide a background about Australian Indigenous Arts and how it relates to Australia’s cultural heritage. Also, you need to state the purpose of the essay.
Body Content: The body content of the essay must include the following discussions.
(i) Economics of Indigenous art. Apply and discuss appropriate economics concepts that relate to the topic and discuss the possible factors could influence the growth of
Indigenous art in Australia.
(ii) Size and scale of Australian Indigenous art. You need to search for the data regarding the values and volumes of Australian Indigenous art auction sales on yearly basis. The suggested data can be found in the Australian Art Sales Digest (AASD)
Note: You can request an ECU librarian to check whether other types of data such as Hislop’s Art Sales Index are available. Discuss the changes in the data and determine whether there is a growth in the sales. Search for information about the monetary values of Indigenous art either from past research papers or the AASD database.
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