The Contemporary Art Market in Istanbul Tugba Renkci Tastan, Yildiz Technical University, Turkey Yusuf Taktak, Yildiz Technical University, Turkey The IAFOR International Conference on Arts and Humanities – Dubai 2016 Official Conference Proceedings Abstract Istanbul has been a city that has the most active role in culture and art area in Turkey from past to present, hosted developments that have occurred in the field of traditional and contemporary Turkish art. Especially, with the increase of the number of gallery, museum and institutions that support art in recent years in Istanbul, the competition in the market and the number of collectors have increased. These developments have brought a new interdisciplinary formation to understand the art. In 1980s and 1990s, the exhibitions, carried out with the scope of the Biennial by IFCA, have been an impact on the expansion of conceptual art-based approach. Therefore, Turkish artists who used the developments in Western art and new expression practices in their works have prepared the ground for new ideas and debates. In this study, an experimental research will be done on contemporary art issue and judgment with the frame of present art sector in Istanbul; the city having rich history, cultural heritage and geographical location. The aim of this study is to handle discussing subjects in contemporary art sector and to mention the view towards the art object and subjects related to what the art is. In addition, the expression practices of conceptual art in the art galleries, the exhibition techniques, the methods and procedures followed by art institutions on reaching to collectors and art-lovers will be mentioned. In this research, literature review will be made and a study will be applied on situations placed in present market. Keywords: Istanbul, Contemporary Art, Plastic Arts, Contemporary Art Market. iafor The International Academic Forum www.iafor.org The IAFOR International Conference on Arts and Humanities - Dubai 2016 Official Conference Proceedings 149