The difference between modern art and old masters. In brief, contemporary art is made by artists which are still alive. Old Masters are paintings painted by artists who are deceased. The fantastic thing is that if we buy contemporary art today from well known, talented artists, then odds are that one day we or our kids are the proud owners of older masters.
The bad news for those artists is that normally while they’re living, and painting, they rarely get to see the real worth of what their paintings are really worth.
Performing arts (which is also known as “ศิลปะการแสดง” in the Thai language) means “artwork that has been and continues to be generated during our lifetimes.” To put it differently, contemporary to us. Contemporary art is art produced during the current period of time. Contemporary art includes, and develops from, post-modern artwork, which is itself a successor to contemporary art.
Strictly speaking, it refers to art made and created by artists from the 1960’s or 70’s up until this very minute. 1970 is the cut-off point for two reasons. Primarily, because it was about 1970 that the phrases “Post-modern” and “Post-modernism” popped up — meaning, we have to assume that the art world had had its fill of Modern Art. Secondly, 1970 appears to be the last bastion of classified artistic movements.