A dynamic systems perspective on fine art and its market

This article focuses on dynamic systems theory applied to art systems, especially the social system of art. By this integrative approach, the field of art and culture can be linked to, as well as profit from, other fields where systems-theoretical approaches have been influential, such as sociology, psychology, communication theory and the natural sciences. We show that systems models help to describe and conceptualize essential phenomena characteristic of the fine arts, such as pattern formation, reduction of complexity, and self-reference. Pattern formation can be observed in emerging artistic styles, fashions and trends. The property of self-reference becomes tractable by using the concept of endosystems, i.e. systems that include participating observers and second circularity feedback. The consequences of such dynamics are uncertainty, destabilization, and diversification. Endosystemic modeling promises to capture core properties not only of contemporary art, laying an emphasis on novelty and self-reference. Endosystems are appropriate models of further social systems, especially markets systems, which pose problems for foresight. Within the horizon of foresight that is at all possible in endosystems, three futures scenarios are worked out for the art system.