Contemporary Art "art that
has been and continues to be created during our lifetimes." In other
words, contemporary to us.
There is a certain amount of overlapping between "Contemporary" and "Modern"
art.
· Modern Art: Art from the Impressionists (say, around 1880) up
until the 1960s or '70s.
Contemporary art reflects a wide range of materials, media, and technologies, as well as opportunities to consider what art is and how it is defined. Artists today explore ideas, concepts, questions, and practices that examine the past, describe the present, and imagine the future. Art21
Example of a gallery that shows Contemporary Art in London Saatchi Gallery
How do leading curators define Contemporary art?
Below, an art advisor from America talks about her experiences in advising dealers of contemporary art. She talks about diverse factors such as personal and external factors, that can influence the value of an artwork and therefore how much someone is willing to pay for it.