Contemporary art is a form of art which is produced at the present period in time.
Some define contemporary art as art produced within "our lifetime," recognizing that lifetimes and life spans vary. However, there is a recognition that this generic definition is subject to specialized limitations
The functioning of the art world is dependent on art institutions, ranging from major museums to private galleries, non-profit spaces, art schools and publishers, and the practices of individual artists, curators, writers, collectors and philanthropists. A major division in the art world is between the for-profit and non-profit sectors, although in recent years the boundaries between for-profit private and non-profit public institutions have become increasingly blurred.
Source-Wikipedia
Image source- pearl lam galleries
