Paper short abstract:

The PTI is a new reference model for the art world that can help art institutions to become more inclusive equitable institutions. It is based on participatory economics, demarchy and referendums, allowing it to represent the taste and knowledge of a bigger number of art world participants.

Paper long abstract:

The current art world is undemocratic and unequal when it comes not only to museums and art galleries, but also art press, research and the art market. Recent events from Covid pandemic to black lives matter amplified the centralization of power in the hands of a few players, racial discrimination, gender bias, corruption, traffic of influence, all of which hold back museums from being inclusive equitable organizations and hinder the growth of the art world. This paper sheds light on the current challenges in the art word and reflects on the possibility of a new way to measure the value of art through the Pure Taste Indicator (PTI). The PTI is a new reference model for the art world, created by the Organization for the Democratization of Visual Arts(ODBK) in response to the current state of the art sector. This reference model is based on participatory economics, demarchy and referendums, allowing it to represent the taste and knowledge of a bigger number of art world participants composed of artists, art world professionals and art lovers. By dismantling the hierarchical power structures that characterized art for so long, the PTI mechanism can change how the art ecosystem functions and help the art world minimize inequality. This grass root initiative aims to help art institutions respond to the demand to be more inclusive, to support women artists and artists of color, and implicate a larger number of individuals in decisions pertaining to contemporary art.