Biennials, one of the most important elements that can be considered as the representation of contemporary art, were first introduced in 1895 with the Venice Biennale thanks to the impact of globalization on art. In the 1990s, there was a significant increase in the number of biennials in many countries, based on the example of the Venice Biennale. Although the biennials, in which the idea of “art for the sake of art” is at the forefront, are held free of charge, in the background, their current relations with the contemporary art market, albeit indirectly, are evident. While the biennials continue their artistic activity with their conceptual dimension, they have taken their place with more than 300 art events that promote the cultural values of not only the country but also the city they belong to, highlighting the cities and contributing to cultural tourism as well. In the art market, which started with auctions, the influence of galleries increased with modernism, but today, we can say that the power of auctions has started to increase again in the contemporary art environment. When biennials and fairs are compared, it can be said that fairs have recently begun to have a greater say, which can be related to the art market. Today, with the establishment of private museums, museums are on the way to renew themselves by entering a different structure and appear as areas that go beyond being closed spaces to display the works.

Keywords: Contemporary Art, Current Art, Modern Art, Artist, Art Market, Galleries, Museums, Biennial, Curator