Globalization is also bringing significant upheavals in art and the art market. The dynamic between artists, dealers, collectors, and museums must be rethought entirely. Art and the art market are currently undergoing a monumental transformation: as globalization brings attention to artists from all continents and diverse cultures, Western artists are now in the minority in many major exhibitions. The great museums of the new century are being established in so-called emerging countries, and the art trade is evolving into a global activity. This also changes the positions of artists, the European concept of museums, the power dynamics between collectors, dealers, and museums, as well as the experiences of artists.