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➢ Example: Banksy’s politically charged street art addressing issues like war and capitalism. ➢ Significance: Art serves as a global language for activism and awareness. • Global Art Markets and Commercialization ➢ International art fairs, auctions, and galleries (e.g., Art Basel, Sotheby’s, Christie's) showcase artworks from different parts of the world, boosting the art economy. ➢ Challenge: The commodification of art may prioritize commercial success over cultural significance. ➢ Example: The rise of NFTs (non-fungible tokens) has changed how digital artists sell and monetize their work. • Challenges to Traditional and Indigenous Art ➢ While globalization promotes artistic exchange, it also poses risks to traditional and indigenous art forms due to mass production and commercialization. ➢ Example: Handcrafted textiles and indigenous paintings being mass- produced and sold cheaply in commercial markets, affecting the livelihood of traditional artisans. ➢ Solution: Ethical consumption and fair trade art initiatives help preserve indigenous art practices. • Contemporary Art Movements Influenced by Globalization ➢ Postmodernism – Challenges artistic traditions by blending diverse styles and questioning established norms. ➢ Street Art & Graffiti – Urban globalization has transformed street art into a powerful medium for cultural expression. ➢ Conceptual Art – Artists across the world use conceptual art to critique globalization, capitalism, and mass media. • The Future of Art in a Globalized World ➢ Artists will continue to push boundaries, integrating artificial intelligence, virtual reality, and digital media into their creations.

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